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I understand the first half of this strategy... By buying a property in cash, it gives someone the upper-hand in negotiations vs someone using conventional financing. Then when the deal is done, refinance the property...
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Hi All,New investor that just got pre approved for a combined loan with my business partner. On this first deal I’ll likely be putting in 25% of the down payment and he will do 75% due to having more capital. We are l...
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I am not looking to flip this house, but I feel that BRRRR’ing a property is pretty similar. I have an abandoned property that has been abandoned and vacant for at least 5 years. It has central heat and air, has a met...
I apologize if this is in the wrong area, but I'm not sure where to post this. Another website said this might be a good place to do it.
I have friend who is renting a house in Minnesota who is a wheelchair bound 10...
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As a general contractor here in the Chicago area. I want my fellow investors to remember when hiring a general contractor, included in the costs of completing your project he/she will charge overhead and profit. So fo...
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I have been trying to research the least expensive way to keep my records until I build my real estate rentals more. I tried to set up quickbooks online, but without paying $720 a year for the ability to do class tra...
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Hello, Newer Realtor here. I currently have a listing and a buyer came to me with no agent asking if I'd represent him if I were to give him a 1% credit of my commission. CA commission is 5% total, 2.5% per side. He t...
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I have 2 SFH's under contract in Ohio, paying all cash. A 1000 square foot home in a B area and a 1900 square foot home in an A area so the cash is significant. Ohio just shut down the state with a "stay at home orde...
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Most of BP is about MAKING money. But as Ben Franklin states, "A penny saved is a penny earned!" Therefore, I would like to hear your ideas on saving money.
Here are a couple from me.
I clip grocery coupons! :lol:...
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I am wondering if anyone is relatively familiar with quickbooks online and uses it to track their income and expenses for their properties.
I have 6 properties, one of them is owned in an LLC, and the rest are in my ...