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Hi there,
My business partner (Jordan) and I need some help calculating the profit for our recent fix and flip in Denver, Colorado.
We, as a joint partnership, originally purchased the home for
$340,000. Jordan ...
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So I am at a crossroads right now and would like some feedback. Currently, my FHA rate is 3.375% with a MI (mortgage insurance) of $305/monthly. I owe $264k and I purchased the property for $296k in 2013. My loan off...
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Hello! First port here....My goal is to ultimately have a portfolio of rentals. I can’t decide if I should sell my townhouse for about 50-60K profit in this hot market and use that to find a better deal that cash flow...
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How are your syndications OA's structured, return OF or return ON capital? Here is an example, 7.3. Distributions of Net Cash Flow. The Company shall distribute Net Cash Flow as follows: (a) First, an amount, if any, ...
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HiBeen a member for a while but this is my first post. I have elderly parents who own a multi family just north of Boston. My siblings and I are looking into creating a trust for the property. Eventually the property ...
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My partner came upon a possible short sale deal today totally out of the blue. Found a homeowner who has received an eviction notice after living a house for 4 years. Said his monthly payments went from $500 to $900...
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I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form ...
Hello All,I really could use your advice. I see a few threads related but not exactly my situation. I am unable to sell or refi a former primary residence that was converted into a investment property.- Purchased 2005...
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Hello BP,Looking for some advice. I currently have a Manufactured Double Wide on its own land that I bought for 230k 3 years ago to date. Currently the PITI on that home is 1587. Currently renting for 1,825. $238 extr...
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Hello, all.I am new to the world of real estate. I am trying to understand how things work in this field, especially with the BRRRR strategy, as it does seem like it will work beautifully.Correct me if I'm wrong, but ...