Hi all, I think I am in some serious trouble now and really need your guys' input!! About a year ago I got connected to a loan broker here in BP who was posting ads looking for private money to fund local flippers- so...
I was reading an article and there were some hypothetical situations and one of the things ended up being a pretty clean cash offer at ~$200K for a rehabbed house.
What I could not get past is that I just can...
Afternoon BP!Bottom line up front: I reached out to a local bank, sent an email inquiring about loan services for REI. Loan officer responded saying that they didn't feel it would be a good fit, and that this is not h...
I typically work in the commercial multifamily space using the LTR approach, but currently broadening scope into smaller multis, potentially using the STR approach. Those of you that have experience modeling out pro f...
I'm curious what the differences are for tax implications for a straight flip vs. a BRRRR? My understanding is that any profits from a flip will be taxed at my personal current tax rate as income. However, if I'm refi...
Bet that got your attention! Don't get me wrong I am a huge believer in using private money but I would recommend that newbies not use it!WHY?! You may ask! Private money is great and will take you far but if you are...
Working on creating my policies for becoming a landlord in Chicago, IL before i buy my first building because of the highly ambitious goal of having 1000 rental units by the time I'm 40 (which will be in 13 years from...
For the past 10 months, my goal has been to wholesale to cover expenses of education and marketing, and to save up the capital to have a down payment for a fourplex. I'm getting impatient now because I'm getting a ve...
I'm getting much closer to searching for my first property and believe I will be able to find a property in the Denver/Aurora area with 3rooms and 2-3 bath for under 200k. I want to rent the other 2rooms (approx $600...