Good afternoon all. First time investing and I'm curious your thoughts on this. If you are an investor that's main focus is cash flow, why not simply find the highest cap rate you can find and invest in those proper...
Hi BP!I have recently gotten my real estate license in DC and I am about to sign an independent contractor agreement with a commercial broker. One of the covenants on the agreement states that, for car insurance, I mu...
Hello BP, first post here. I am new to house flipping and have been doing tons and tons of research and I have a house I am trying to close In on. The house I am looking at is a hoarder house of a deceased lady being ...
Do you tell your lender that you plan on having the seller carry back on deal?
For example, I want to get into a property with a conventional investor loan. I need 25% down, and the loan covers 75%. If I have...
How would I, or should I, structure a deal to involve no money down? I am the buyer in this situation.
Example:
ARV = 130k
Rehab needed = 15k
Purchase price = 80k
Current/As-is value = 96k
The seller has said ...
I applied in May and appraisal was completed in less than a week. Yet, I received terms 2 weeks ago, and CTC this week.
Rate: 8.125%
Processing Fee: $995
Closing Fee: $1,360
Origination Fee: 2.650%
Admin Process...
Question:Should I be looking to see all subs insurance and licenses before i hire them? How do i know they carry the correct insurance. Am i just looking for general liability insurance that covers there business?? I ...
I just learned about the IRS Code 353 Structured installment sales today. Wondering if anyone on BP sold a property and deferred the proceeds under this code?
To all my fellow RE agents out there, how many of you carry general liability insurance? Do you run your practice through an LLC? I know there isn’t a one-size-fits all answer; just curious to see how others view risk...
Hi allI have a portfolio of 11 buildings, consisting of 48 units, all with a 2 mile radius in Central Maine. I sold a home once using seller financing and had a horrible experience (I just got the house back in forecl...