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Hello all! This is my first experience creating a note on a sale. I have a $600k property in Austin, Texas that has a house on it that is used as a daycare. I want to offer a first lien for about $250k to an investor ...
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I finally did it! Was able to close on my first deal without any equity partners! What an awesome feeling it is today, now that the closing is official, but wow was it a bumpy road to the finish line.I have been a par...
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Hi All, My partner and I are getting ready to purchase our first investment property as an all-cash offer. I want to know if we should put our names on the contract or put an LLC name on the contract? We plan to rehab...
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I just want to know if someone can explain to me the importance of creating the LLC so that I can fully understand the concept. For example, why can’t a wholesaler or houseflipper get paid without the LLC? And what is...
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Has anyone had success getting good deals at these auctions?
Anyone had the seller not go through with the sale if auction price is too low?
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Hi,
I am getting involved in my first flip project very shortly. I am not sure whether it is wiser to get a general contractor for renovation of this house or should I act as a general contractor. Does getting a gener...
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Hey friends!My wife and I will be house hacking a duplex - our first deal! - and the tenants in the other unit have been there 10 years!! Since the seller bought the house, actually. The seller never raised rents duri...
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Hi everyone,This is newbie question about property Inspections. Currently, I am out of state so it is not possible for me to visit the properties and I need to trust the property inspectors.Few weeks ago, I was planni...
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I always thought every house purchase automatically required a professional inspection. Is this true? Are there exceptions?
In my conversation with the bank thus far, the topic has not come up yet. So, I'm as...
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Hi everyone. We are currently looking to purchase a multifamily property with a few equity partners. The partnership agreement is to hold the property for 5 years and then sell, and pay back each equity partner thei...