talked to a couple contractors, contractor 130 year old who got into the remodeling because he wants to be a flipper, his dad is a GC, his prices seem to be pretty low, we got along great, has experience but not a ton...
Hi BP
another curiosity post.
I'm curious to see how you progressed in your REI.
DID you stick to one kind of deal/sector? Ex. Only flip homes
DID you gradually move up? Ex Condo to commercial shopping center
DID y...
I'm planning to get my license (just for my own use--to buy properties for myself and get MLS access).
One broker I called requires a 70/30 split each commission. The other requires a fee of $375 for each deal you do...
So we are about to Cash-out refi two of our rental properties in a blanket loan. We hold both of these in an S- Corp and have had them for a little over a year. We paid cash for them. All in about 110k total. They are...
Hi everyone! I'm a new investor operating in the Southeastern Michigan area. I just sold my first flip last month (a 3,100sqft SFR in the town of Walled Lake) and I'm now getting back into the swing of things after ta...
One of my properties, the best cash flowing SFR, has been vacant for 2 months. I’ve never experienced this huge of a lack of qualified applicants. I’ve started a no animals policy because the dog & human damage fr...
Anyone can tell me which is better? (my math sucks)
$650,000 mortgage, 5 year fixed(closed rate)
1- 25 years; 2.55% with $2000 cash bonus ($2900 per month)
2- 30 years; 2.49% ($2560 per month)
If I ...
Hey BP family,I hope that this is posted in the right forum. Anyways, I'm new to real estate and I just recently made an offer on my first single family house and I'm currently under contract. I've basically got two o...
Here is the scenario:
Would you rather own 1,000 units as the GP of syndications.
The Setup: 70% LP / 30% GP
6% Preferred Return to LP
OR
100% ownership of 300 units