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I'm looking to be the general partner in a syndicate. When raising funds, do I need to raise the full purchase price amount of the property or can I raise the down payment amount and fund the rest through a lender? If...
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I have a seller willing to carry back financing. What is the best way to do this in Michigan? The seller mentioned a land contract. I heard there are risks to the buyer with this option? Are notes a better option? Wha...
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Hey folks,
Under contract on what will be our 4th property since 12/11--can't believe how busy we have been. We are 'buy and hold' investors, and our general rule of thumb has been to purchase properties (and choose...
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Hi guys,I'm closing on my first property this Friday and just received the closing costs form. Purchase price $17500 in cash- $105 Title search- $100 city engineer fee- $500 attorney fee- $125 agreement papers- $75...
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Hey Team, First post here, so I really appreciate the patience! I'm curious to know how often property managers actively suggest value-add activities for properties (ie, building an ADU, remodeling, buy-fix-hold oppor...
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I'm a RE investor in Ohio with a small portfolio currently but looking to grow. I would appreciate any feedback on 2 questions:1) Does it makes sense for investors to obtain a RE license? I'm leaning toward obtainin...
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So my last post on BP, I was asking for advice purchasing a very old rental in a D area.. Since then, I've saved some cash and reevaluated. I've found a really clean triplex 1 city over, more then I wanted to spend b...
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Welcome to our Question of the Week! As we have now entered the holiday season and winter, I thought we would shift to discussing how to fill vacancies during this time of year. What are your suggestions that work or ...
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Hello everyone! I am a newbie on BP and also in real estate. I am starting my real estate course next week and I would love some advice. What do you recommend I do before, during and after classes start? What is the b...
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<may be considered political, but that's not my primary intent>I currently have our insurance for our three rental properties at State Farm. I don't want to give State Farm our business any longer, because of th...