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How does anyone buying in the Smoky Mountains make money buying today?
$1M purchase price and $125k in revenue
P/I/T payments run -$78k/yr (assuming 8% interest rate and 80% LTV)
Cleaning fees -$20k/yr
OpEx - $30k...
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I basically am starting out with zero dollars. I’ve been educating myself and was trying to tackle the aspect as a wholesaler but I’m just not sure it’s for me. I have excellent credit. My ultimate goal is to buy and ...
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For those passive investors out there, which matters more to you - That your sponsor has money in the deal or that he/she has a successful track record?
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Hi BP community. Wanted to put up a question to get some suggestions from landlords who might have gone through a similar situation. I am dealing with a non paying tenant in Massachusetts.She is a single mom who mov...
Hey everyone,
So I find myself in a situation right now and I'm not sure what I should do.
Let me first say that my passion for the most part in RE is commercial (specifically multifamily and self storage.) Becau...
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I am looking for a way to protect myself against buyers causing me to take my house off the market, and end up wasting my time.What could go wrong if I added this clause to the purchase contract? This says that the bu...
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Just a little lost on how to form a sole proprietorship LLC in Texas, wondering if someone knows the cost and some basic knowledge on how to start with this? New at investing and everyday seems I find something new an...
In the process of purchasing my first turnkey property out of state. Just got the home inspection report, and it sounds like a disaster. Water damage on the ceilings, wood rot, old HVAC, questionable roof, dead mice...
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Ok so I'm looking at one of these...needs some lighter rehab maybe 20k. It's a duplex, rents for the area are about about 1700. They are not way far off from my max purchase price of 80-90k (including rehab costs)...I...