James Murphy
Preferred Equity in Carried Interest Waterfall
Thought this was straightforward but been hearing from others it may not be:Example: $100 invested in Year 0 and $100 returned in Year 1. At that point in time there is $8 pref balance based on 8% pref terms. Does the...
Aditya Soma
Successful completed the first reno with in budget
Hello Friends,I'm proud to announce that successfully finished my first renovation with in budget.All credit goes to BP community. you guys Inspired me, you guys gave me all the right tools to play the game confidentl...
Kimberly Bunch
What is your expected profit as a percentage of ARV? Average Reno Cost per sq. ft.?
What percentage are you all expecting to make per flip. I’m new(ish) and set my original desired profit on my first 3 flips at 10% bc I wanted to get in the game and get experience. Each home sold $550K and I made abo...
Vonetta Booker
HELOC rejection due to nonexistent info...WTH?
I applied for a HELOC with TD Bank, and after nearly a week of calling & checking on my application (they initially claimed it would take only two days), they finally said my application was denied. "Based on what...
Philip Williams
Do open houses really sell houses?
Hey BP Nation how are you guys doing! So looking to get your guys and gals opinions on open houses. We have just listed our latest flip and had our first open house. I've never really crunched the numbers but I cannot...
Nat Rojas
Baltimore City Vacants
How do you feel about the vacant (boarded up) properties in Baltimore City?What is your rule about purchasing a BRRRR / Buy and Hold / Rental Property with vacants nearby?What meets your criteria and what is acceptabl...
David Ramirez
Is Every Property Suited For Wholesale?
ABSOLUTELY NOT!!!!!!
In Wholesaling, doing well or not comes down to one simple thing many miss: listening to what the sellers want. Many wholesalers crash and burn because they miss this point, focusing too hard on ...
Jason Cooper
Home path home financing question
Hello everybody. I just put in a offer on a home path property in my area and I'm trying to figure out financing now. I'm a ready, fire, aim kind of guy! So I've emailed a home path approved mortgage company but r...
Christian Clark
House Hacking 2/3/4 Units
This is a follow up to Brandon's webinar yesterday...How does house hacking affect your 2/3/4 unit analysis? My goal is to live in the property and have the other units pay for most of the expenses. I have been basing...
Derek Schetselaar
Strategy with New Fannie/Freddie Changes
Hey Guys! With the recent changes from Fannie/Freddie requiring the first mortgage being paid off to be at least 12 months old in order to do a Cash Out Refi. How does this change your strategy?