Cornelius Charles
Newbie Business Structure
Hi all. My business partner and I are new to RE investing and are in the process of gathering as much information as we can. One of the things we were told was that we should start off as either a LLC or S-corp (o...
Sherri Southwell
TRICKY PURCHASE-NEED TO BORROW SOME CREATIVITY!
We are looking at a property for our primary residence. It's a one owner estate house has been on the market for over a year now. The heirs are paying over $3K/year in taxes. The house is old and needs updating (no...
Cory Shaw
Investors in Orlando area: Come on, let me tag along! =)
Maybe it's just me but learning from a computer just doesn't stick that well. I'd know, I've been "trying" to structure a deal for far too long...I HAVE to make this work. I'm hoping there is someone in the area that ...
Jon Klaus
Condo conversion?
Condo conversions typically take a multi-family property and convert each unit to individually titled units that can be bought and sold independently from one another. Ideally, a lot of equity can be created. Anyone...
Mark Redmann
Wholesale MLS property
Hey BP! I hope everyone had a great weekend. Here is the situation. I was contacted by a seller from my direct mail campaign. He has a house listed at 69.9K since March. He also has 4 other properties that he's willin...
Yvonne H.
How does financing impact your calculations for MHP pricing?
Hi everyone. I am interested in a trailer park but would need financing for it. I have see on here the basic formula for attaining the value/cap rate for a mobile home park. What I am specifically interested in is how...
Frank Gucciardo
Always Get an Inspection
So close on our first buy and hold purchase.FannieMae Homepath Tri-plex that we got under contract for 160K. The numbers worked out really well. Not much work to be done, just a re-paint and I was going to replace a...
Hunter Harms
Questions about architects and designers when flipping?
When I get a bit deeper into my investing career I will be diving into the niche of buying destroyed "zombie houses" (term courtesy of BP Podcast 201) and completely renovating them into beautiful, modern, and trendy ...
Andy M.
Creating an LLC for multiple investors across multiple states (yikes -- hopefully not though...!)
Being new to Real Estate Investing, I'd like to mitigate my risk as much as possible out the gate. I decided to pull in a group of friends (none of us have a whole lot of money individually, but together we have more ...
Jeff Mobley
Repair estimate
Hi All,This is an investment flip I am considering. The home is basically a shell with outer wall damage. It needs walls, toilets, tubs, flooring, etc. This home is a 3bed/2bath in a upper-lower income area where ther...