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I have just begun to look into possibly loaning money on a flip, and I am a little surprised to learn that the going rate seems to be 10-13% and that it is annualized instead of by the flip. In other words, at 10% APR...
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Background: I am not a real estate agent. I am a real estate investor. I own a vacation rental home in a resort community 90 minutes east of Seattle, WA. Although the property has done very well, it is now my goal...
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My partners and I have a piece of land almost ready for permitting for a multifamily. Our agent wants us to counter much higher take a chunk down and carry $4MM @ 10% until the construction loan or a deadline we defi...
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I have the opportunity to purchase 2 adjacent one-bedroom apartments in an iconic New York City building. The building is a 6-stories, consisting of 24-units one-bedroom units and is organized as a coop—so essentially...
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With the CARES Act and the ability to withdraw 100% of my 401k without penalty I am very close to pulling it out as a loan to myself. This way I essentially have 3 years to pay it back and when done it still grows. Wh...
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Hello Bigger Pockets! Throughout my college days I recall cooking burgers in the sweltering heat of a bustling restaurant kitchen. Coming home I smelled like grease. It was that lingering smell that stayed with me for...
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Hi! We recently identified a property we need to sell in order to recoup capital for another investment. We spoke with the tenants end of August, and they weren't interested in purchasing the property, so we let the...
A friend has her 1800 sq' house listed. The agent plans to drop the price $500 or so every other week or so, in part to push it to the front again. Is that a smart strategy?
ofgift
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Hi all, Newbie here, so please be gentle. I have to say I'm just shocked at the level of giving back I see around here. It's counterintuitive to think that such an opportunistic field of practice would have such a sup...
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Hey everyone - probably your pretty typical new guy post so sorry if this (including this apology) has been done many times before:My ask:1. Guidance/advice on which of the neighborhoods listed below match my goals fo...