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We are a group of investors from NY, NY, TX looking to buy a duplex in FL. Many of the deals we evaluate are showing 7-8% cap rates, which works well for us, but once we stick a management company fee on there it is w...
I thought it would interesting to share some recent experience we have had with some of these instruments. To that extent, an illustration of the pain that can come with working with an instrument that is not the...
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I have a financing partner for potential rehabs I plan on doing and wanted to get BP's input on how to structure the profit split of these deals.
Some background information - I will be doing all the work from start...
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So i went to my first REIA meeting on Saturday and honestly I still am a little confused..Let me give a rundown of how the day started...I go in register and get my name tag.. And because there was not enough seats I ...
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Ben's latest article suggested this and he thought it would be a good forum post to check out what other people think. Check out his article, it's a good read. http://www.biggerpockets.com/renewsblog/2014/09/02...Se...
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This topic is just in regard to California residents with properties *outside* of California. Assume a California resident sets up an out-of-state trust, which in turn is the only member (and manager) of an out-of-sta...
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One popular question on BP is the question of "should I file for a LLC" or "Do I need one?"I definitely do not have that answer because everyones intentions, needs, and goals are different. But... I decided to file f...
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Hi everyone, as a wholesaler I've been driving for dollars and now have a list of abandoned/vacant house I want to mail the owner's about. I work out of state so I'm only home on the weekends, also I don't have a larg...
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I wanna learn and start young but I work at restaurant and barely have enough money to pay my bills. I wanna work hard and get lead into the right direction and multiply my year to date income.
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Ok, I have two good deals but they are pre-foreclosure properties and I'm a Wholesaler. How do I close the deal with a Pre-Foreclosure? I'm lost because I know about closing deals with FSBO properties. Do you do pre-f...