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There’s a term in business and investing known as a, “sunk cost.” When entering into a real estate acquisition, an example of a sunk cost could be money spent on inspections or on other due diligence, time spent in an...
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Hi there. I have a situation and not sure how to proceed. It seems that an Investor that I closed a previous deal with,has asked me, as a Real Estate Agent to List 5 Turn Key Homes but he's only willing to pay 3% Comm...
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Hello all, fairly new to Bigger Pockets and real-estate investing. We purchased our first rental home (single family) and it was a seamless transaction that immediately rented at near 1% and required minimal turnover...
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Hey! We are in talks with a gas station owner who wants us to wholesale his gas station, and we are not sure about what kind of contracts we need.
Here is some info on it:
- It is franchised with 76
- Real Estate is ...
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Hey Guys, I am about to do business with another investor and was looking for a jv agreement. Any suggestions?
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Hello BP community. New to the site and first post. Given the recent changes to the federal tax rules/rates, I have a question regarding funding investment properties with personal (HELOC) money lent to my personall...
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My business partner and I purchased a 4 plex property in Grand Rapids Michigan. we had a friend of the family finance the purchase with a 2 year loan at 8% interest. The property is a complete gut/remodel. We are s...
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Hi Wonderful BP Community, I am in the process of acquiring an out of state property for mid term rental. The proceeds used to acquire the property will be from my solo 401K. I have my team on the ground when it comes...
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Hello all and thanks in advance for all your feedback. So i am just starting out and have not yet figured out what I want to do, but there is one thing that I am seriously considering.
I was recently introduced (thro...
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Hi all! I'm new here and very happy to have found this platform. I'm a new-ish investor with one SFH in my portfolio. It has been doing great as an STR for the last two years. I am ready to take on my first fix and fl...