Hello BP! So I currently have one tenant in the downstairs of my duplex. She is a sophomore college student. Since it is summer she isn't home much, but when class starts back up in the fall, she is going to be moving...
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 ...
For reasons that makes less sense now, we bought a few properties in her name only (deed & mortgage) but split all costs. Now we're divorcing and splitting the properties. As I'm not on any mortgages currently, ...
If an agent from a different state was to send you on of their clients as referral, and the client is already committed to purchasing a specific property and just wants buyer representation to handle the transaction -...
I have spoken with a hard money lender but am still a little confused. He wants me to a joint venture which means he will fund the project 100% and do a 60/40 split if i get it done in 4 months. If it takes longer it...