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hello everyone! I'm currently looking to purchase a 6 unit property in Chicago IL. I have a couple folks who want to invest and essentially put enough money in to pay for the down payment + closings costs. They would ...
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I'm going to approach a friend to see if he is interested in lending/ investing monies into my real estate flipping venture. Not exactly sure what options to offer him or how to write up a possible contract. I know i...
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I’m about to purchase a triplex with an investor. I’m wondering what the deal should be between the investor and me. I’ll be paying closing costs and down payment and the investor will be paying for renovations. We wi...
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My father has expressed interest in investing with my husband and I on a multi family rental property. My husband and I with our kids would live in it and house hack and manage the property. Neither my husband and I n...
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Do I need the carrying cost in hand or does the loan pay for the month to month fees?do i also need the rehab cost or does the loan pay for that as well? ro is there a seprate loan i get for the rehab?
I have enough ...
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Hello BP, I am new to biggerpockets and have been researching RE for about 6 months. With all of the great info here on BP, YouTube and reading RE investing books I have soaked in a lot of info. I am looking to buy m...
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Hi all. I was wondering if someone could explain the tax implications for both sides of an owner financing deal for a rental property? I am just starting to research this financing strategy and I'm wondering how muc...
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Hi all,I’m looking at purchasing a 2-family house—living in the primary unit and renting out the other unit. The percentage split is roughly 67/33% with the owner’s unit being the larger of the two. The rent will only...
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Ok so lets be realistic, obviously new investors or amateurs aren't going to be able to get professional investors to give a majority profit on new ventures , but what is the best way to start a partnership percentage...
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Hi all,
My wife and I are helping her sister to buy a condo so she'll have a place to live when she gets married, which is coming right up. However, she has no established credit, so the loan will go under our names...