Matthew Holtry
What is the Happy Path for a Private Money lending Transaction?
BP Community,I recently did my first private money deal (as a lender). The borrower is someone I know personally, and we intend to do additional deals together in the future. We stumbled through this first one togethe...
Steve Christensen
Net Listing vs Wholesaling?
Can someone please explain the difference (if there is one) in a Net Listing vs wholesaling?My understanding of a Net Listing:Net Listing provision states that seller will receive a net amount of money (say 150k for t...
Nathan J.
Should Property Managers charge an additional fee to find tenants?
Hi all,It seems some property managers look to charge one months rent to find a tenant, on top of the 10% of rent collected. Is that normal? It seems that a property manager should be incentivised to keep tenants long...
Brian Kantor
Is this a good partnership structure?
Hi, everyone! As I've gotten more and more experience in this world, friends and family have asked me how they can work with me. Many have money, but not the time or desire to do this on their own. As such, they've as...
N/A N/A
Where is the market for raw land hot?
I want to buy some raw land for $100,000 and have it increase by 50,000 in two to three years. I have heard it done a lot. How do I find out current trends and forecasts for lands in the United States. Where is hot?
Michael Sokolski
When should I start my LLC?
I'm just starting in REI and am trying to learn as much as I can now. I was wondering at what point should a beggining Real Estate investor create their business entity. I've decided on an LLC. I don't have any pro...
Jeff Goddard
HELOC as alternative to conventional fixed mtg...
This is a bit long so.... I am wondering if any of the BP members have heard anything about using a HELOC to replace a fixed or traditional mortgage??I recently came across a u tube video of a fellow in Hawaii whose...
Jessica G.
Agonizing over where to put energy -- "regular" job or REI. Please give input
I am a teacher so I'm off work for the summer, and I'm focusing 100 percent on growing our REI business.I got two off-market houses under contract last week -- a fix and hold, and a potentially lucrative flip. Great n...
Christopher Perez
Real Estate & Lending Go Hand and Hand..same language not so much
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
Jerry W.
MY 2013 AND 2014 GOALS AND WHAT I ACCOMPLISHED. NOW TELL ME HOW YOU DID!
In reviewing my posted goals for 2013 and 2014 I have the following results.2013 My goal was to buy a fix and flip and add 1-3 cash flowing rentals. I bought a fix and flip in a nearby town that needed a lot of work....