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I am currently doing the BRRRR method on commercial real estate. I have been raising funds for each deal paying my private investors 10%.I got great traction on my lending pool for the first 10 or so investors. Now th...
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Quick background for those who are new to REI: For liability purposes, it is generally preferred to hold real estate in an LLC (so if you're sued, creditors can't touch your personal assets, e.g., savings acct, primar...
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Hello!I am in my First house hack in Austin Texas. I have two 12 month room leases and a mid term rental in an ADU. I get MTR leads from Airbnb and do bookings through the airbnb platform.I use apartments.com to man...
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Tenant wishes to do a rent to own lease when their current lease is up on 1 Jan. What should I do with their security deposit? Rollover into their purchase of the home? Return to them? What is the typical terms for...
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Hi bigger pockets community,I'm about close on my first home purchase and am doing the house hack method, renting out all rooms except my own. I'm worried about the liabilities that could come with this before I estab...
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Hi guys my name is Ali and I’m a newbie trying to get my feet wet in real estate. I currently own a single family home with about 120k in equity. My question is how do I leverage that equity from my primary residence ...
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What do I need for a bank to approve a loan?
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Hi all,I'm doing some research on lending and what it takes to become one, and I have some questions, if anyone is willing to give me some answers, that would be great. I hope they aren't too personal or inappropriate...
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Hi BP, Curious as to what other members thoughts on this are:5 Unit PurchaseHas been vacant for 2 years so purchasing at 16% Cap Rate ($89,000)Have the option to purchase with bank financing :-5.77% -5/1 ARM w/ 20 yea...
What do you guys think about using only private money lenders for financing especially when buying my first few properties