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Hello BP community,At this point in time we have 4 units that we own and manage. We have been relying on Excel heavily for keeping track of everything, which has worked out alright so far but we are continuing to expa...
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I've now acquired 5 properties and am thinking I may need to start looking into additional asset protection. While I have read many forums about LLCs, I think the best way for me to go for now is umbrella insurance. ...
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Hi,
I'm going to be purchasing a apartment complex (or a few, depending on how much I have to put down) in the near future. I have a personal credit score of 750, an income of ~110k, and 200k in liquid assets.
I'm ...
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Hey BP.I sent out my first batch of letters to homes I found "driving for dollars" last week. My first call back yesterday lead to a homeowner who was a year behind in mortgage payments and said the home is set to go ...
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Hi all,
I put a property under contract last night but it is suppose to go on sheriff sale This Thursday 06/27. How can I get the bank to hold/extend the sheriff sale, in order to do all the title work and closing?
...
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A teacher I used to have has 38 properties and all 10/15 year mortgages which all have break even cash flow which in turn lowers his taxes from his full time job. After the 10/15 years he refinances and pulls out as ...
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I found a house that is being sold on owner finance. The numbers work, with about $300 a month cash flow using the 50% rule and 2% rule.
Question is, what are the pitfalls of buying on owner financing? What...
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I always like seeing new concepts for housing that can be used for various populations. I love this architects designs for cottages and pocket neighborhoods, but this concept is something entirely different. I was thi...
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My question to you... when does it make sense to become a private lender?I have a client dying to get into RE but has no funds other than his HELOC with about $100K available rn. The interest on barrowed money is some...
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Good day everybody! Do the biggerpockets tools and services work in our canadian market ? Thanks .