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I've been purchasing a number (4 so far) of cheap houses (<$50k) with cash, and now I'd like to get my equity back out of them to buy more. I'd also like to figure out a plan for being able to do this smoothly i...
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Hi, I haven’t started yet, but I have been looking, reading, and dreaming about it for quite some time. I’d like to start in short term rentals on the gulf coast. I’d like to use a handful of properties to cushion my ...
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Here is what I was thinking:
1) Buy rental properties under an LLC in cash to get the best deal with quick cash closes.
2) Perform any needed repairs and install tenants
3) Get a business loan (personally guaranteed)...
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Ive been hearing a buncha smack about the current real estate market lately. I was thinking, since the market is slowing down, declining, and foreclosures at a high, shouldnt that make it perfect for an investor to b...
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Purchase Price $856,000
Renovation Cost $550,000
Total $1,406,000
Q3, 2007 apprasial with quoted repairs $2,000,000
Expenses run 40%, plus vacancy (est. 10%).
Gross income is $330,000
Your thoughts?
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Have you ever heard of short-term rental funds? These funds would pool money from investors, buy and convert homes into short-term rentals and then return rental revenue to the investors. Any idea how they might be st...
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Investment Info:
Single family rowhouse fix & hold investment in Baltimore, MD. Purchased: March 2020Purchase price: $65,900Cash invested: $35,000Rent: $1,400Sold: October 2023Sale Price: $185,000Here is a full...
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Hello BP!Through my education into syndications I am still unclear on when a limited partner is no longer involved in the deal. For example, if I put together a deal with an expected exit after 5 years, but after 1 ye...
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I have been looking to add self storage to our rental portfolio for a while. I was able to go under contract on a 1 acre (plenty of room to add more) 25 unit mom and pop self storage facility. They are severely under ...
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Long story short, the first showing we had gave us a written full price offer. We have 14 more showings scheduled this weekend. Is it ethical to tell the other showings that we already have a full price offer?