I am looking for creative ways to finance a small apartment development in Michigan. The total project budget is approx. $2.5M. I own the land and it is valued at $150k. Local bank financing would require an additi...
Hello BP! Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business? We want to detail the responsibilities, capital co...
Question for the group as it relates to partnerships. How do people typically handle a partnership when a refi occurs and there’s no longer any cash in the deal? For example, I buy a property with a partner and becaus...
Hi BP Community - Love to hear your thoughts on a 50/50 ownership for JV partnerships, where one party provides all the capital and the other party manages the sourcing and asset management (provides no capital). Base...
If one goes with a private lender (good relationship) vs. bank or prof. hard money lender, but seeks 100% financing for the first deal - is it better to go with a debt or equity partnership? Would love any input from...
Beware NH investors,Hello all, I am moving to NH in a few weeks and I have been studying the market and running the numbers on a few properties. I am on BP almost everyday, whether it is reading articles or listening ...
I’m wholesaling a deal.
The contract states that we close “ON OR BEFORE” February 15. How is this determined? Do I determine the exact closing date?
Is it the new buyer that determines the exact closing date, the t...
Hey there fam, I'm finding quite a few older 1930-1960's duplexes and fourplexes in my general area here in DFW that don't have central heat/air. They are currently rented with window units/space heaters. This would...
Hi BP,
I'm newly licensed, joined R New York in the city about a month ago. My motivation for getting a license is to find multifamily deals in Hudson Valley, NY--Poughkeepsie, Newburgh, and Beacon--and to reinvest c...
Hey everyone! I’m looking at my second property but am having to bring in someone to fund the deal. How do you all typically set this up? Do you tell them you’ll do all the work and split all revenue down the middle a...