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Investment Info:
Single-family residence wholesale investment in Des Moines.
Purchase price: $285,000
Cash invested: $500
Sale price: $332,500
This was a short sale that I negotiated with the ban...
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3/1 single family located in a lower middle class neighborhood.
1150 sq feet
Asking price 20k
Partially rehabbed
Newer furnace and WH
Rents $750-$800 month
Estimate 3-5k to finish rehab (my standards)
Owes $9500 on b...
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Hi all:
Has anyone done a short sale on a property owned by an estate? How about with a mortgage owned by the VA (estate or non estate)? Just trying to find out what to expect. Are short sales where the owner is dec...
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The original plan, and hopefully still is to cash out refi current home. I can cash out 90%. Currently owe 101k and would refi at 135k with 3.73% APR. Leverage equity into another property down the line after getting ...
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I have a lease agreement with the option to purchase on a house I own outright. The lessee paid me $3500 downpayment and is paying $516 a month. He has an option to purchase by the Spring of 2022 for $59,000 minus the...
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What type of business is best when planning to accept funds from investors to buy and fix properties ? LLC ?
How will my investors funds be subject to taxes ?
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We bought our property back in January. Our goal is to buy a property a year so I thought it was a good idea to open a LLP to manage said properties. recently we discussed this with an accountant and he said there wer...
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Hi BP, I'm hoping to get some advice from you BP members who are experienced with 1031 Exchanges. Background:I just made an offer on an 80 unit apartment building. I will be assuming the existing mortgage on the prope...
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I'm not the first to talk about this strategy and won't be the last so feel free to chime in here. Over the past decade of deploying a very successful BRRR model across the Pacific Northwest, I've been able to perfect...
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I am very new to RE Investing and renting properties. I just finished renovating my property and ready to market for rent. My Question is what kind of insurance do I need and what kind of coverage should it have?
An...