Hi all! First time posting on bigger pockets but have followed the podcasts for a long time and always come here to learn. Myself and a partner are interested in purchasing a value-add apartment building(8-14 units). ...
When raising private money, what type of terms do you offer the investor(s)?
For example; if you bought 100K property and got 30% from an investor, and the rest from the bank, does the other investor get 30% of rent...
I'm doing my first flip ($53k purchase, ~$40k rehab, ~$140k ARV) and considering partnering with a contractor friend. I found the deal and purchased it. He is talented, but really doesn't have a large business. We are...
Let's see if I can keep this short and sweet. I just closed on a 7-unit building in Chicago for a very good price. My biggest and most expensive decision is whether or not to convert the massive boiler/radiator system...
When you are closing on a purchase of an apartment complex, who generally pays the broker's commission - the seller, or the buyer is expected to cover some of the cost as well? I realize it can be done both ways, but...
Hi everyone,I'm in the initial stages of analyzing a deal (my first) that I'd like to move on soon (if the numbers make sense). It's a short-sale townhouse listed for $210k, and comps are at $295k. It needs about $30k...
Please help me understand something.If I wanted to make a house into a duplex in DC, it's a matter of making sure the basement (and it is typically a basement) is legal in height. It is not a big deal to split a house...
Hi BP, I have found a few deals in my market that could potentially be great cash flow, but only if the SFH could be split into 2-unit home. Trying to think about this from different angles has brought up a question. ...
if im strictly the money guy. I did not find the deal nor will i operate the deal, but im raising all the money. Whats a typical % of GP should i expect. Can you please PM me your answers. Thank you guys in a...
Hey BP-
Can anyone shed some light on the best way to structure JV deals for flips on residential. Potential partner is well established and seasoned- with an immaculate record, has own construction crew/manager and ...