Hello BiggerPockets community!My friends and I are planning on a real estate venture and we would like some advice and, or insight on setting up our partnership. We are aware that it is highly recommended not to partn...
Hello, I was wondering if anyone here has experience with alternative fee arrangements for property managers, specifically for a small portfolio of single family home rentals. Traditionally, PM's will charge a managem...
Hi BP! I have a few questions about mortgage financing so I can start working in the right direction to get a loan.I'm self employed with an LLC business. In order to get financing for my first house they require 2 y...
Investment Info:
Single-family residence fix & flip investment in Lehigh Acres.
Purchase price: $85,000
Cash invested: $4,200
Sale price: $125,000
This home is in a low income area where near...
Hi BP Community,I wanted to share that I closed on my first property on May 19th and I couldn't be more excited! I purchased a 2 bedroom 1 bath SFH for $66,000. The property is basically ready to rent and I suspect t...
Wholesaling to retail buyers
Scenario #1
This is a scenario that I read in a book recently. You are a wholesaler that has found a property that is worth $100,000. You have the seller under contract for $45,000 and ...
Here's a question? Don't quit your job before you establish your real estate business is the conventional wisdom.... Well, how does that work if your original job income is greater than $150k per year? In other words ...
Howdy Y'all!
I'm a newbie from Austin, TX and I am excited about embarking on my REI life! I have bought, rehabbed, and sold 1 primary residence and in that process found another primary residence that I boug...
I am curious of something. If you sell a property, and do a 1031 exchange with the proceeds, but don't need all the proceeds for the down payment of the next property, are you taxed on the additional profit that isn't...