How do I know if I need permits for my rehab? I am doing a simple, mostly cosmetic rehab of a property and will be doing much of the work on my own. I have not been able to find this info on my city's govt website. ...
Hello all,I am curious how much money (as a % of ARV) a beginner house flipper can expect to need to bring to the table when using a hard money loan. I understand it will vary depending on the lender and the experienc...
Greetings,Does anyone have experience in getting a wholesale property under contract and selling to a "non- cash" buyer? Not sure if this is even possible. Often wondered how it worked and is it worth it? I have done ...
Hey everyone,
I currently own two 2-unit rental properties. I live in one unit. I have owned one of the properties for 8 years and have approximately $90-100k equity in that house. The house I live in, I have owned fo...
Hi BP Fam,
I am curious to see what everyone considers fair for allocating ownership in an equity partnership, specifically for self storage. To keep it simple, I am wondering what percent to allocate for (1) finding...
Hello Everyone! I am a Texas landlord that has currently have a tenant vacate the house and i think they weren't able to solve their problem with the water utility company they used. If they didn't resolve things the ...
Hi everyone,I see some people are estimating 3%-5% for closings costs. I am trying to calculate the closings costs for multi-unit properties in Chicago. Any advice on how to estimate the closing costs? What are some f...
So I'm starting my first direct mail campaign. I've already written some using the most basic yellow letter format. Dear [ ]Hi my name is [ ]I would like to $Buy$your house at [ ...
Hello, I am looking for insight from experienced single family and flip investors in regards to partners. Is there a time when there are too many partners?As an example, three partners that all bring something to the ...
Does having a lease purchase on a home (where the leasee is responsible for repairs and maintenance), make the owner have less liability?
If the renter is responsible for repairs and maintenance, it seems that it wou...