Eldar M.
MENTORS
Looking for mentor/s, currently unemployed so all I have is time. I am very fast learner, currently licensed as an agent in CA. Have some experience and connections with managing renovation (I participated as a proje...
Mike Engler
Borrowing money from a family member
I'm on the cusp of purchasing my first multi-family/commercial property. The question I'd like to have answered is, if my father is willing to "lend" me the money to buy this property, but does not want any interest ...
RJ Gustilo
Cash Reserves For a Loan
Has anybody felt they ran into a set back after learning about having the need to have 6 months of reserves required by banks? I am a newbie investor looking for my first investment in the next few months and have eno...
Paul Hom
Checkbook SDIRA - Trust vs LLC
Sorry if this has been answered elsewhere - I have a generic SDIRA through New Directions and am looking to switch to a Checkbook Control SDIRA because of fees and some investments I'm interested in exploring.
I have...
Brandon Sturgill
Structuring Seller Carry on Commercial Property with a Lien
I have a possible deal in the works; it's a 36-unit storage facility and the seller is willing to carry back financing...she has an existing first lien balance of $55k...and the sale price is close to $115k. The build...
Account Closed
Rookie First Deal: Apartment or Single Family Residential?
I'm looking to have my first deal as a rookie investor this year here in Toledo, OH. I will have $16k of money borrowed from relatives and I intend not to use personal money. Maybe up to $5k personal money if really n...
Melissa Hu
Get an LLC to buy first property?
Hi there! I was wondering whether rookies (like myself) decide to buy their first property with an LLC. From my research, it looks like getting financing is more difficult under an LLC vs a personal loan. My worry is ...
Zabrina Horton
Can I COMBINE my cash with my SD-IRA to buy a flip?
My idea is to use $15,000 of my SD-IRA along with $17,000 cash to buy a flip for $32,000. ( The rest of my SD-IRA is currently loaned out to a vet flipper). I would like to "charge myself" 1% interest annualized, an...
Chris K.
How to calculate Cap Rate with 100% OPM?
If you use 100% OPM for an investment home, do you still calculate and consider the Cap Rate as usual? Even the down payment is not personal money (Asset line of credit) then the rest of mortgage is bank loan. 0% down...
Daniel Guest
Condo remodel in an old historic hotel
Investment Info:
Condo fix & flip investment in Helena.
Purchase price: $79,000
Cash invested: $16,600
Sale price: $143,500
This nice little condo is located in an old historic hotel known as...