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I purchased a property for$ 105,000 , single home in a B/C neighborhood, 3/ 2 , large lot, it will need at least $ 20,000, ARV $ 145,000. houses like this ones are for sell around 175,000 to $ 180,000 . I pay $ 15,000...
Ok, so I'm closing on a townhouse this coming week and the lender I've used (small local bank in that town) has asked me if I want to open a checking account with them. This is the second time in the past month that ...
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If I'm trying to buy a duplex with an FHA loan to rent one floor of the building, how much money should I have in my bank account? to do any repairs now knowing that the FHA is real picky and wants the house in great ...
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I hello bp nation,Can you give me advice on how to gain multiple property (2or more)in 1 year to buy and hold with let's say 10k of your own money to spend?
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How common is for a group of investors to sell properties amongst themselves to inflate the apparent value of the property before approaching a HML to draw out the value?Came across one such group. If I understand it ...
Hi everyone,
I know one of the best ways to grow a RE business more quickly and larger is to use OPM (other people's money) to finance your deals. I know there is a ton of great information here on BP on this subjec...
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Hello all, I'm looking to get out of a 5-unit multifamily property my business partner and I have. We have a 50/50 partnership under our LLC. I want to take my portion and diversify into other properties and he wants ...
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All --
I'm beginning to see more seller financed land listings offered in MLS, within Lee/Charlotte Counties, Florida.
My questions are:
- What is a preferred structure for investors? Terms?
- What are you usin...
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A little back end info- I'm a new agent with goals for my own investing. I found a great lot with access to the inlet, bank owned, asking $107,000. I sent it to a builder friend of mine. He was very excited about a...
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I'm not clear on how equity factors in to a whole sale deal. Does equity matter in a whole sale deal? I've been to a few wholesaling seminars, however, no one mentions if this is a important factor and if it matters (...