I own a fully leased 8 unit multi-family and am looking to purchase a 12+ multi-family in 2018. I estimate in my geography I can find what I'm looking for for around $750,000 or less.My bank is hard and fast on requir...
Hello BP Readers,
I have been involved in the RE field now for 2.5 years. After purchasing 10+ out of state properties with all cash in the $50-100K range, i ran out of funds. I then obtained $500K LOC (Line of Credi...
Hi All,
We are new to the FL market and have decided to invest in the Tampa area.
I've read some interesting posts regarding the debate of which city is better - St Petersburg or Tampa. The posts I read were more f...
I'm thinking about buying a non performing note for a small multifamily property. Property isn't in an area where I want to manage it, nor would it be practical as it's about three hours away from me.
One of my exi...
Im looking to make my first commercial purchase a fast food restaurant with a new 20 year lease term at $1,575,000 and a 5.75% cap rate so around $90,000 of annual rent. I have a decent income tax wise $180,000 or so,...
I'm trying to understand how to assign contracts. Once I'm in contract with my seller, and I find a willing buyer (say, willing to pay $5k more), how exactly do I "assign" the contract over to the new buyer?
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This might sound like a strange question, but I plan to use my personal cell phone to take applicant phone calls for the LLC (which I currently do for properties that I own in my name). The bill is in my own name, of ...
Hey everyone!
I’ve recently saved up $50,000 and I’m super excited to jumpstart my real estate investing journey. I’m looking at two specific markets—Charlotte, NC, and Louisville, KY—but now I’m at a bit of a crossr...
Hi all,I have been reading Bigger Pockets for a couple years now and recently started listening to the pod casts and love it! I am writing today to get some advice.I bought my first investment property almost 2 years ...
Hi everyone,
First time poster, long time reader. My family is slowly building a residential rental portfolio and live in Florida. I'm in the process of re-designing our long-term real estate holding structure and wo...