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We are just starting out and we are going to partner with my wife's brother because his credit score is much higher, has equity, and no time. We have the time to find deals, get them under contract and do the rehab, ...
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Background: My partner and I created an LLC exclusively for the purchase of a multi-family property in KY. We both put in equal amounts of personal cash into the LLC's bank account to cover purchase costs and rehab ...
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Good evening, all and Happy Holidays! After running into a couple of hurdles in acquiring a loan for a multiunit building (I have an FHA loan and will need 20% down and 6 mos reserves to qualify for a conventional), I...
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This loan has a $245,000 balance with $24000 equity. Property appraisal opinions range from $270-$310K, and currently insured for full-replacement at $293,000. I pay around $1850/mo on this loan, and recently fell b...
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Hello - My husband and I are experience real estate investors, with several LTR/MTR/STR located in Ohio and Geogial, in 2022, we purchased a seasonal boutique motel in Western New York. We complete renovated a...
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Only a real newbie can come up with this question; So you've been evaluating and analyzing a commercial property, how do you put your offer together? I know that on the residential side the process is pretty structu...
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I am buying a 4 plex, and I live approximately a 3.5 hour drive away. I am just curious if you can close on a property without being physically present? I have a very demanding job, and I am not sure if I can arran...
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For the sake of clarity, I am using simplified round figures...
I took out a six-month hard money loan to improve a property I already owned in my personal name (paid cash) for $100,000 nominally, with 5 points orig...
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Hello BP Community!I recently purchased my first property (a side-by-side duplex that I am currently house-hacking) and finished Brandon and Heather Turner's book, "The Book on Managing Rental Properties". In the book...
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So I've recently found a duplex in Redding that I think could make sense for me to buy as my first deal if I arrange the numbers right. And like the book on rental property investing suggested I want to know if y...