Duane Alexander
J Scott's minimum profit for a flip
In J Scott's book he says he wants at minimum 10% ARV in profit for a flip. Is this pre-tax or post-tax? For example, let's say you're paying 40% taxes on all profits due to being in the 24% tax bracket and having to ...
Ralph Majette
Should I use a 203k loan to renovate ?
I own a 3 family in Dorchester Massachusetts that I want to turn into a rental property but it needs some renovation should I use a 203k loan to finance the project ?Pros and Cons of a 203k loan?
JOHN DALEY
Starting Out Strategy
I am new and have been trying to develop a strategy for how I want to do real estate. I haven’t decided on my niche yet as I am trying to do research on all of them with the goal being that I would like to purchase...
Michael Parker
Newbie from Tampa, Fl
Hi my name is Michael Parker and I am a 21 year old newbie from Tampa, Fl who has pretty much no experience in real estate but I have always been interested in the idea of flipping homes and in the process of trying t...
Tre Boston
Job opportunities with an wholesaler in Cincinnati
I’ve recently been introduced to wholesaling and I’m really eager to learn more. I watch tons of videos on YouTube and want to make the next step. College dropout so I’m low on funds but I understand that I need to le...
Kenneth Moses
Florida buying and flipping questions.
Good evening, I’m very new to the real estate business, my problem is I don’t have much liquid equity to start with some I’m trying to figure some stuff out. I have a few ideas but I was wondering if there was any...
Tony Zhang
is it too late to set up LLC when it's under contract?
Is it too late to set up LLC when it's under contract?
I have a property currently under contract will closed within 20-30 days. I've heard a lot of good thing of setting up a LLC to protect my asset. I also heard th...
Jorge Hernandez
Building business credit to buy real estate later
I saw an online post that you can form an LLC and use your personal household bills. By paying your household bills, you can build your business credit and leverage the credit to purchase real estate. I wanted to get ...
John Riordan
The Strength of Investor Communities
This is a post to those incensed over others declaring their victories in this and other communities. The Bigger Pockets family was where I began my serious investor education and outreach; I continue to do so and dow...
Lynn Ramdin
Qualifications for a commercial loan
Hi BP Community!I am looking at an 8 unit apartment that is listed under $500k. Would it qualify for a commercial loan? Some people have told me that commercial lenders won't look at anything less that $1 million. If ...