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If you look at my previous posts, you'll see that I'm new to all this and i'm ready (or not) to look at my first property. I plan on using my HELOC to fund the 15-20% down payment required when using a Hard Money Len...
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I know the general rule of thumb is that you put aside 35% of your rental income for repairs/maintenance. Is there ever a point where you don't need to set it aside anymore? Common sense would tell me no because thing...
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I have 3 properties with my family in Brooklyn.In one building we have 2 apartments, we live in them. In the other 2 properties we have 6 apartments in total. All three properties were bought on my uncle's name, as he...
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Hello BP,
I was hoping to get some thoughts on how to structure a three way partnership that would look something like this. We are going to be buying multi-families that are in need of updating and the curr...
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What makes a HOA good, versus not good or stay away from?
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Hello BiggerPockets!I've been listening to the podcast all year and lurking the forums for quite some time. My business partner and I have decided to take the plunge and purchase one or two multifamily properties. T...
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Hi, folks. It looks like there's a mandatory capital call forthcoming in a project I'm an LP in. I can't contribute more money at this time so have no choice but to be in "default".
Besides not being able to collect ...
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Hello BP! Here is my situation and hopefully someone can provide some recommendations on path forward. My brother and i recently purchased couple of multi-family buildings. It’s a value add project so we’re in the mid...
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Hi All!
My husband and I just looked at two duplexes. We can buy them individually or as a package. Here are my calculations using the BP analysis tool if we buy them as a package:
Monthly Income: $2,79...
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Hey, guys!I’m getting close to closing on a deal with an equity partner. This will be my first partnership so have no frame of reference. What’s the best way to split our equity if he’s providing the down payment and ...