Gilbert Dominguez
The latest skinny on Dodd Frank and the Safe Act
If you are an individual you can owner finance one deal per year, If you are married your wife can likewise owner finance one deal per year. If you are a trust you can do one deal per year. If you are an LLC or some o...
Account Closed
Hard Money pts considered part of closing costs or separate?
Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
Avi Garg
First sub 30k property
Finally closed on my first sub $30k property. This is my first investment since joining BP and 2nd overall. Some quick numbers:Purchase price $19kMonthly rent: $715Cash flow: $330@Travis BeehlerI was inspired by @Trav...
Jim Costa
How to raise rents on new purchase when they are 60% of CMR?
I am in the process of buying 3 duplexes that are undervalued because of rents. They are renting for $800-850. Market rents for this size in this neighborhood. should be 1100-1200. Once you purchase how do you rais...
Glenn Mayo
Investing out of area/state
So, I have the disadvantage of living in one of, if not the, hottest real estate markets in the country, here in DFW Texas. There are a lot of pros and cons to it, but I keep running across people who don't even live...
Ron S.
Paying Cash for SF Rental homes
Was wondering everyones thoughts on Paying Cash for SF rental Homes. I bought my 2 Sf Rentals Cash and have really enjoyed it. It has made it stress free not worrying about monthly payments. This way between tenants o...
Nghi Le
Making Commission by Connecting Sellers and Buyers Off-Market
I have connections with a lot of investors in my area. I also have connections with a lot of people (qualified young professionals) who are looking to buy their first home. The problem is that I live in a hot market...
Lisa Treadwell
The Key to Wholesome Wholesaling
My son wants to start wholesaling as an easy way to get into real estate with little capital. I've been doing some research on it b/c I feel a bit torn about the equitability of it. My brokerage helps seniors downsi...
David P.
What insurance company do you use for short term rentals?
Here is Los Angeles I tried getting a few quotes and there are not many options it seems. State Farm does not offer short term/vacation rental policies. I got one quote from American Modern and it was on the steep end...
Loan Tran
Lessen 401k contribution and use it for rental property!?
Does it make sense to lessen my 401k and use the extra monthly money to invest in rental property!?