I’ve found someone in my network interested in being a private money lender towards my deals (SFH flips). What all should we discuss regarding terms? Some of the basic items I have are…Pay on debt or equity in propert...
Hey all,I'm at the stage of securing my finances as I start to explore markets and look for an investment property. Given that I'm still young and have limited resources, my parents have been generous enough to offer...
Can you get HELOC on rental property or is it only on Personal homes?
Hello. Im going to form an llc and build a rental property portfolio. I dont know alot about accountants and CPAs and bookkeepers or whether they are the same thing or different. But what kind of accountant should i l...
To those of you who have done seller financing (as a buyer):1. Where do you find the owners/properties?2.. How do you reach out to the owners? Letter, phone call?3. If you write a letter, how do you word it?Any help i...
Came across a potential MHP deal lately. It has about 8 to 10 park owned trailers. But they are not livable any more. Utilities are there though. My questions is how to underwrite the value of this MHP? Is it just lan...
I have a 4 Unit in a suburb just outside of Albany, NY which has one gas/electric meter. We also pay for water/sewer so we hit the trifecta (maybe that's actually a pick 4)! I am now pricing out a utility split but th...
My husband and i started buying rentals about 4 yrs ago. At this point we have 15 doors. (single family and duplexs) all cash flowing pretty well from the get go. We have mortgages on all properties and have pretty m...
Just got a renter in a newly acquired rental. They texted me saying their refrigerator doesn't fit in the designated space. I don't have the details yet on the dimensions of the space or their fridge. We'll do our pro...
Please don't respond to this with, "Ask an attorney or tax advisor." That is a given...I want to solicit comments prior to that.
Scenario: Form a LP to raise money for real estate transactions and structure it so ...