Brian Davis
Flipping: Systems and Scalability
Hey BP,Over the past year, we have successfully completed 15 fix and flip rehabs but this year we are looking to greatly expand the business. I am currently in the middle of trying to streamline the business and all ...
William Salas
This is the story of a terrible mistake haunting me right now.
"I'm selling the flower shop" said my retired father.
"Are you sure?" I said with some hesitation.A retail storefront with 3 apartments in Chicago.
Owned free and clear, grossing 5k a month.
Why sell?
He received ...
Dean Ng
Expected losses on 1st position fractional trust deeds
I come from the world of stock and bond investing, and am looking to diversify with fractional trust deeds purchased from a HML. I'm considering 1st position TDs with <70% LTV. The RE used as collateral are eithe...
John Kernen
First crack at a purchase has been discouraging.
I have been looking for ther right deal for some time now. Dragging a realtor around to every house in town. The market is tough right now but I keep hanging on the thought that if I don't get started I never will....
Account Closed
Hard Money pts considered part of closing costs or separate?
Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
Kiran Shilamkar
Commercial RE options for a beginner investor?
Hello Friends,As you see, I am a beginner in Real estate in general. I do have some savings ($100-200k) and would like to start my real estate career (part-time/semi-passive). I see that commercial real estate numbers...
Account Closed
Winterizing Retirment in a Recession
Last week I was having a conversation with my dad about retirement. Like most people, the majority of his retirement investments are done via his 401k. I came away from that conversation thinking, “If I was in his pos...
Rona Faison
Anyone using a solo 401k for purchasing properties
Hello,
I have a solo 401k that I have not done much with but thought about using it to purchase buy and hold rental properties. I'm interested primarily in multi unit properties duplex to fourplex and would be looki...
Steve Wilmers
Buy & Hold partnerships?
Looking through the forums, it seems that most of the partnerships that I read about are typically involved with flips instead of buy & hold properties. Has anyone considered joining forces with a partner to purc...
Jarrett T.
How Many of you Honestly Started with no Capital?
Hey guys,
I've read some of the BP success stories as well as stories outside of BP. Some of the stories state that they had no money, at all, when they bought their first property. My first thought is that this is ...