I am buying an 11 unit apartment building with a commercial mortgage and have the two following financing options: (Both are 20% down, amortizing over 20 years). Purchase price $640,000A) 4.25%, adjusting every 5 y...
Hello BP Community,My biggest obstacle is how to pick a market for multi-family investing. Our primary goal for investing is cash flow as well as appreciation over time. We have researched Florida, Texas, Alabama, etc...
LOAN PROS, often I see on BP questions on Private money, hard money, direct money lenders, etc. Though I'm knowlegable on hard money loans, I know there are many out there that are curious and would appreciate picking...
Hello BP!
This is my first post, and extremely excited to be making it! I was introduced to BP about six months ago. Three months prior, I read Rich Dad, Poor Dad (RDPD). The combination lit a fire within me, pushing...
I started an LLC for my wholesale business and later for when I acquire rentals, what federal tax election should I pick, a sole proprietor or corporation? I’m the only person in the company
I haven't done a deal yet but im looking around keeping my options open but i was curious how and when would be a great time to start taking things out of my name and start putting them under my business?
Hi everyone and Happy New Year. While gleaning through books, forums, and podcasts I have noticed a prevalent skill to buying a great deal and that is having a plan/method when analyzing property. I keep hearing the 2...
With so many hard money companies out there, how do you pick one? I've talked with several over the last few days but just don't know how to make that decision. What are some of the pitfalls that I could run into? I'v...
I am getting started and building my team. I have read alot and ready to jump in. What should I look for and what questions do I need to ask when choosing a custodian for my self-directed IRA?Most important to me is ...
My brother and I just recently inherited from our dad and mom a large amount of rental properties, a couple residential properties, commercial buildings and a couple vacant lots. But we inherited no cash. That was act...