Douglas B.
SUB30kCLUB: tips to protect yourself legally
Today's topic is a springboard off of @Lisa Phillips a Phillips Phillips Phillips excellent blog series, episode 2 on incorporating.
We will be doing business in NY and, with the advice of our attorn...
Michael Shuster
10 Reasons People are Successful in Business
My colleague Nick Ikonomou and I share some common beliefs about the traits which are found in virtually every successful person - especially in real estate investing. Nick shared them with his friends, and I am now d...
Daniel Bryant
Lets settle this once and for all..
A house in (random B class neighborhood) the midwest/south costs 100k and rents for 1200.00 a monthA house in (random B class neighborhood) NYC costs 800k and rents for 2500-4000 a month.Why on earth would anyone wan...
Kent Renshaw
Besides filing a Memorandum of Agreement, how does a contract buyer protect contract seller from mortgaging the property. And if they do, who is first in line?
Scenario: Contract buyer and seller enter into a Contract for Deed. Buyer immediately files Memo of Agreement in the situs county. All goes well for two years and Seller applies for loan. Mortgage Lender realiz...
Chris Lynch
What are financing requirements on a Commercial apartment 8-24unt
What are the typical financing requirements for a mid size commercial multifamily. 8-24 units? I have heard many people talk about 25% down ect. But are there any other requirements on personal income. I know for sing...
Caito Coloma
What does your deal funnel look like?
Hello BP fam, wanted to see who would share some insight on what it actually takes to be successful in the real estate business as far as lead generation goes. Would you be willing to share a quick insight into what t...
Miles Thompson
Advice to help calculate investment opportunity
Hello,I have a house that I split into a duplex, each side bringing in about $1500 each.
This has been a great cash-flowing setup as the house was bought for $362k and we've had it for about 6 years.There are some fo...
Joe Fornasiero
Purchasing a 4 unit Multi-Family home at age 24
I have been considering purchasing a 4 unit Multi-Family home as an owner occupied/rental investment. The numbers seem to workout very well at this point. Current asking price is $200,000 and the gross monthly cash fl...
Leon Lee
Strategies on renovating a rundown beachfront motel
Hi, Fellow BPersI have a question on what strategy is the best on turning a rundown motel we recently purchased and would appreciate your inputs:This is a 20-unit beachfront motel that has been poorly run in the past ...
Jean Norton
DC Fawcett/Karen Hanover Commercial Goldrush Trip Report
Karen Hanover/DC Fawcett Commercial Goldrush Event Report
Karen Hanover and DC Fawcett clearly gave of themselves the entire time of the event. Karen presented most of the material and made herself available during ...