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Hi BP users!I have a question about refinancing. So right now I'm looking at using a private lender to lend me $330,000 to cover 100% of my costs for 3 Condo units I plan to rent out. The payback method is essentiall...
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My good friend and I have an LLC in Ohio where we own outright a duplex that brings in a 10% return on our investment after expenses. Our business has no debt. My friend has moved to Tampa where he works for an ad...
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As many of us are experiencing, prices of homes and condos nationwide are up quite a bit. I have been looking at consideration of costal vacation rentals in the Florida market. I have been centering on properties cl...
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Just wanted to share a small success story with BP. I recently bought a REO condo as a rental. I had a hard time talking myself into it because I HATE condos but alas, I did it. Here is the brief story:
Condo is a 90...
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Hello my name is Patrick and I’m 24 looking to get started in real estate investing. I’m wanting to get financial freedom through real estate investing so I can spend more time with family. I’m new to this so I’m not ...
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What fees come out of the profit from an all cash offer? I.E. closing cost, etc. Is there a general percentage people use or another formula for this question? We're talking specifically in the Omaha, NE area.
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Through all of my research and networking the most valuable skill in real estate continues to be the ability to find a deal. Whether that’s for wholesaling or for other strategies, everything seems to lead back to fin...
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Hello Community. This is my first post on BP, and I am excited to be here to contribute and learn from the community! I am beginning my investing journey soon and I know this is a great place to start. I've really had...
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Hello Everyone,Like every other new Investor I accidentally found BP and then read lots of forums, listened podcast and read Brandon Turner's book (super useful).I'm an Engineer living in Long Island, NY where Price/R...
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I'm curious if BRRRR ("fix & rent") works in the Omaha metro area. Essentially, the ability to have your purchase price + rehab costs <70% of the ARV, so after you rehab you can find tenants & then refinanc...