Mckinley Baggett
Cash out refinance options
I am currently rehabbing an REO property that I paid cash for. Once it is finished, I am going to keep it as a rental property. Obviously I want to get my money back out of the property so that I can invest it in more...
Joshua Baldovino
Our First Property: The Miller House
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $119,500
Cash invested: $36,000
The Miller Property is a charming 3 bedroom, 1 bathroom house that dead-ends into...
Jason P.
Returning a deposit question after murder
So I have a duplex and a tenant had 4 friends over and one of the younger ones was playing with a gun and shot his friend in the head and killed him (all early 20’s) unfortunately. The tenant is moving out because o...
Gene Boykin
South Dakota Sheriff's Auction
I'm just getting started in the fix and flip business. We are initially looking at pre foreclosures and sheriff's auctions. In some instances at the Sioux Falls sheriff's auction the bank will make its initial bid s...
Elvin Tolentino
Paying back the investor using BRRR method
Good day everyone,My name is Elvin and I am in the very initial stages of real estate investing. I have read in detail about and am very intrigued by BRRR. I know the basics but one thing I can’t seem to grasp is h...
David Blue
Cash purchase deal fell through
A year ago I initiated a cash purchase closing. That deal didn't work out and my initial $10k deposit still sits with the sellers attorneys. The seller went on to rent the condo. I recently approached the seller about...
Eric Schmid
Hard Money - What's Great, What's Not?
Hi Everybody,I am looking to hear thoughts on these hard money lending numbers. I'm located in the Midwest, but would also be interested in hearing numbers for other regions as well.All of the below products have a ma...
Phil Haynes
Trailer Park without owner the land
I have found an opportunity that look's good on paper but not sure if I should pursue it.
I originally thought it was a mobile home park with 45 units but it turns out it's 45 units within a mobile home park.
We'd n...
Hannah Joy
Sweat equity and taxes
Hi all, my friend is purchasing a fourplex all cash and adding me to the purchase as an additional buyer (I'll be doing the renovations and we split revenue and equity 50/50). If I don't contribute financially at all ...
Daniel G.
Partner's Outside Basis Change After Payback
Hi, I'll do my best to make my question as simple as possible to understand. Suppose that a sponsor raises capital for a multifamily property acquisition between himself (General partner) and other limited partners. T...