Paul Z.
Possible FLIP Deal- Thoughts?
Got a possible deal that I'd love all of your thoughts and opinion on. Thanks in advance! :)
Market: Cook County, IL- Northwest Suburbs
Spec: 4/2 Split Level w/ finished basement, attached garage...
Nick B.
How objective or subjective is apartment classification (A,B,C)?
Hello BP,Are there any specific set of features that must be present or absent in a certain apartment class?Here are few items that I sometimes get confused about:Age: 0-10 - "A", 11-20 - "B", 21+ - "C" - this is a ge...
Daniel Bradshaw
Can I advertise a house for sale that I just put under a purchase contract?
Hey Everybody,
I am wanting to get into wholesaling then eventually short sales and rehabs. If I put a house under contract and intend to assign my contract rights at closing in a "double closing" or "simultaneous cl...
Marimar Hernandez
Hard Money Lending - Becoming an Investor
Hello,
I am new to investing and have the opportunity to start investing on a hard money lending transaction for a short sale purchase and flip transaction.
According to the company servicing the loan:
The loan is a ...
Avery Biles
how to calculate Rehab cost
Rookie here,
I'm possibly looking into the BRRRR method on an SFH or duplex. I was wondering what was the best way to estimate the rehab cost. I have a few more questions about the BRRRR method that I don't understan...
DongHui Patel
Syndication Fees Syndicate Fees- Are these normal????
Acquisition fee 2.95% of purchase price of assetDisposition fee 1% of sale price of assetAsset management fee: 1% of equity raisedFund admin fee: .25% of equity raise
Their waterfall is 70/30 split until 13% IRR then...
Mark Marinaccio
Seller wants to remove my escape clause
I have a seller that wants me to remove the language from the purchase offer that would allow me to back out of the deal but I'm hesitant to do it for obvious reasons.Anyone have any creative ways to help protect myse...
Candace McCutcheon
Cash or Accrual Accounting?
I have read from several sources that RE investors MUST use the cash accounting method. Our CPA says this is not true. If the state is important, we are in SC. Can anyone confirm this one way or another? To give i...
Ted Schmidt
Handling inbound calls from mailing campaigns
I would like to get an idea about how you handle incoming calls from people responding to postal mailings or other marketing methods.
What do you say when someone calls? How do you get them from information ...
Bob Avery
New Twin Cities Investor Looking for Advice Getting Started
Hey folks!I've been lurking on BP for about a month, so I have a rough idea of the regular newbie steps which I will try to address below. I'll greatly appreciate feedback on any subset of my questions. Thanks!First a...