Let's say I already formed a new LLC that would be designated for REI. How do I get business credit strong enough to avoid having to personally guarantor commercial or residential mortgages through my business? Is th...
I’ve done a few deals with a flipper in my area and all have went well. The new project is a knockdown and new construction build. The issue with our loan would be that there is no collateral since our loan amount wou...
I'm purchasing a duplex for $90k and it rents for $1350 total, but I'll raise rents to $1400.
In regards to variable expenses I'm setting aside $100 for repairs (7%), $115 for capex (8%), and $70 for vacancy (5%).
T...
Since I've started investing in properties I have never used the cashflow to pay myself for anything. This is mainly since investing isn't my full time job and I don't need that income to survive. I would just let t...
Dumb question but I am new to this and wanted to get some feedback. When doing a rental property analysis I have items such as repairs, CapEX, and Vacancy. When you actually collect the rent and pay the monthly expens...
Hi All,Below is my gameplan to work on my first deal. Please let me know if I am leaving anything out.I'll be wholesaling single family homes, focusing on out of state absentee and probate owners. Marketing, I will fo...
Hello everyone,What are the collective thoughts on having a line of credit instead of actual cash reserves?I know it sounds ludicrous! Cash reserves are what get you through those times when all the Capex comes down o...
This was my first real estate book purchase from amazon. Once I start reading its hard to put it down. Ive finished 6 chapters so far and I must say I'm ready to find volume 1 just to have it. Its very educational.
Hello BiggerPockets Community,
I'm reaching out for some guidance as I embark on my real estate investment journey with a budget of $350K. Here's a breakdown of my current plan and aspirations:
Current Situation:
-...
Hello BP Community!I have just purchased my first home in the Northern Virginia area and plan to house hack the property with two other roommates for the next two years. It is a three bedroom townhouse in an appreciat...