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Good morning BP community! Quick question for an aspiring investor. How long do you amortize private money? Looking at a LOC from a family friend and trying to figure out how to approach the interest part of the eq...
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My husband and I are newbies to the real estate game. We have been putting in offers for numerous homes in hopes to wholesale them, but none of our offers have been accepted. We've put in about 15 offers so far. We ha...
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I'm looking at a mobile home park (new to mobile investing) The park has 8 units and owns all the units. Three years of financials shows 61K of gross income and 36K of net after all expenses. I think I'm getting a g...
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Hi!I invested in RE for a few years now. Usually, most of my investments are buy property and rent it out for positive cash flow or sell them for profit. I am more used to analyzing short term investments rather than ...
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I'm looking to purchase Michael Blank's Syndicated Deal Analyzer. It looks like its very useful. Does anyone have any experience using this spreadsheet and how do you like it. I would appreciate any input.
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Greetings,
I am considering using my rental as an air bnb vice a long-term rental, it is a two bedroom and two full bathrooms ranch just under 1100 sqft. I have the following questions to ask for everyone who has or...
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Hi everyone!I am a new investor in Chicago looking to network with other investors and RE professionals. I am interested in starting with wholesaling and fix and flips. Looking forward to learning what I can and conne...
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In relation to structuring a wholesale deal on a preforeclosure, has anyone every paid the seller a sum of money as a kicker to sell? I assume this only makes sense when there is a lot of equity in the property?
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Hi Everyone!I want to know what are all the main steps 1-2-3 that need to be done to get my first deal and flip it. I just want to know the layout in steps.I want to get things done in steps. Can someone please help m...
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I had heard a good tip from an investor to get a copy of a new contractors bank statement to provide proof that they aren't paycheck to paycheck GC's. Anybody else on here do that or have heard of doing that? Won't...