Investment Info:
Small multi-family (2-4 units) note investment investment in Boston.
Purchase price: $50,000
Cash invested: $61,200
In way over my head on a 4 unit ground up development in boston
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Three years ago, I sold my parent's home to an RE investor. He paid $3500 upfront and was to pay an additional amount at the end of this month. The home was in terrible condition (interior hoarding) but he also ran ...
Hello everyone, so my business partner and I are moving into real estate. Mainly buy and hold with some flips mixed in for extra operating revenue. My question is how should we set up our bank/credit accounts to be th...
I am looking to buy an old commercial building in a very small town (750 people) and convert into 7 units here are the numbers:
$55,000 purchase
$100,000 renovation
$15,000 hard money interest
Property managemen...
For a little background on where I am in my REI career, I'm closing on house #2 in a week and will be turning house #1 into a rental soon thereafter. I plan to repeat that with #2. As I look forward to building moment...
i'm really hungry to buy my 1st property (live and flip) by feb 2020 as a goal. i was on a roll earlier this year, but just got burned out checking dozens of houses in person every weekend. would love to know if i'm r...
Hi Everyone,I need a little advice. I am selling a single family rental property for $189900. I have an offer on the property for 185000 but it will be broken down to $165000 cash with me holding paper for the $20000...
Hi everyone,So here is the deal. I have a property under contract for $77,000.00. Its not a terrible unit in a C+ to B- area. I'm using a Hard money loan to purchase at 10.5% interest only , with some fees, then pl...
Hello BP!I've been doing some reading and have been watching a lot of videos and learning so much, so thank you guys for that first of all. I had a question about the Cash on Cash ROI when evaluating properties. In wa...
Hey All,
I'm looking to get a HELOC on my primary and I wanted to know who others have been using and what rates they've been seeing here in Maine.
Appreciate any input.