Kevin C.
Owner financing, Land contract vs Purchase money note
Hi everyone.I have been working on a potential owner financing deal and have reached an impasse with the seller. I want to use a purchase money note(mortgage) and be able to subordinate him to second position so I can...
Joshua Mitchell
What are NYC construction costs looking like in 2024? (per-square-foot)
I'm seeking opinions and examples of per-square-foot costs for constructing new multi-family developments in NYC. We are building a 10-unit semi-luxury condominium in Brooklyn. I have been estimated at somewhere aroun...
Jose Campos
Hard Money Lender Ran Background Check
Hey guys,Quick question, I am working with a new lender (new for me I have never worked with them before) from the Northeast for a refi cash out. They ran my background but did not ask permission nor did we ever discu...
Robbie Stanford
Rta kitchen cabinets
Does anyone have any experience with using RTA kitchen cabinets? Do you have a good supplier, that makes quality cabinets with quality material?
Ed Long
2Acre Lot, Multi-Family Build?
Hello,I have a 2AC piece of property that is properly zoned and I believe perfect for a multi-unit in Greenville SC. I currently own multi-units but have NEVER BUILT. After speaking with a few local agents/builders,...
Jonathan Barr
Having challenges raising capital during COVID for active deals?
Hi BP community,I wanted to share my experience working on funding my first larger syndication 71 unit apartment deal. I had about almost 3 times the amount needed in verbal commitments. When push came to shove mor...
Granison Johnson
Constructing The Deal / Help
I have a property in the pipeline and need some help with.
The property facts:
1. Cape Cod estimated $130K/ Owner thinks $140K what the home owner would like to get $70k out of it.
2. It is a property in probate
3....
Justin Moy
What to expect when sending your first investment
So you’ve done your research, you’ve found an operator you like and trust and now they have a deal that you like as well.
You’ve done your due diligence and now you’re ready to make that investment. Here are some of...
Alex Hill
Owner Occupied 4 Plex-New Construction
Hi All. Looking for some direction and recommendations in my area. Looking to build a 3 or 4 unit multi-family project in Menifee, CA in Riverside County. I am planning on occupying one of the units. FHA Loan Limits i...
Charles Clinton
Understanding the differences between equity and debt investing
Every homeowner understands the difference between their mortgage and the equity they have in their home but when it comes to commercial real estate transactions, the difference between equity, preferred equity, mezza...