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Forming partnership of 7-10 people...(closer to 6-7)So a few colleagues of mine are interested in pooling money every month to form a buy-&-hold rental company that would buy rental properties every few months. Th...
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Hello everyone!I am a licensed Realtor here in Richmond, VA and have been trying to understand the ART of wholesaling. I do have a question regarding the price I (the wholesaler) negotiate with the seller. What is t...
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I ran across this article, which may be of interest to many here: Class-action lawsuit takes aim at real estate commissionsThe article contains a link to a PDF of the complaint, which is Moehrl v National Assoc of Rea...
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Currently I'm analyzing numerous potential multi-family properties (duplex, triplex, 4-plex) and want to make sure I'm estimating my expenses correctly. The only reason I'm looking at multi-family is so I can house-ha...
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Hi guys,my partner and I a re looking at a MF deal that has some value add and the numbers make sense.The deal has a caveat though. There is an existing loan on it that has a "yield maintenance prepayment penalty" tha...
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I'm currently searching for a private loan of about 100k-120k for an auction property that I would live in, yes live in. But eventually it could a rental property. I plan to grab a house in texas with or without this ...
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Do these rules apply as much if you are working a full time job for another source of income? Would you still have cash flow if you just come close to these percentages?
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What tools are people using to automate their rehabbing/flipping business?
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An elderly friend of mine wants to stay in his multi, but can use extra cash each month. I ran some numbers and I can just barely break even on cash flow keeping him in it. I figure I could offer him to do basically a...
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Hey BP community!I am looking to start a direct mail campaign with the intent to purchase a multi family home. I have enough money to start a campaign, however my current means of funding the purchase of the house wou...