I am happy to report that today I closed on a 240 unit apartment complex in Atlanta, GA that I bought for $9.4 million and it appraised for $9.9 million. Capital raise was $3 million and my investors are super excited!!
If you were to make $20K on a real estate transaction would you use it to pay down existing debt such as a car loan or credit card debt, reinvest it into another deal, or a combination of both?
Here we go. Initially, I was a web guy and I founded a few large web sites, which I sold a few years ago. I still have a few, but the large ones I sold off. I picked up a house, a car and the rest were in Vanguard ...
Hello BP Community! I am considering investing in both residential multifamily properties as well as some 5-15 unit complexes. Do I need an LLC when moving forward with a commercial property in that unit range, or is ...
Summary: I am 23 year old with a full-time job who wants to be in real estate. Stuck in my 9-5 at the moment and looking for ways out. Any options, recommendations, or guidance helps. Hi all, I am a 23 year old in the...
I’m a number guy. I spend countless hours on excel spreadsheets running ProFormas on every possible situation. I want to know what the BEST possible outcome is, WORST possible, projected actual outcome, forced appreci...
@Russell Brazil@James Wise@Joel Owens@Darren Sager@jay hinrichsWell, I find myself in a bit of a dilemma.I decided to get my Broker's License and start a Brokerage Firm. I now have my NY Real Estate BROKER's License (...
Hello BP community! We’ve followed BiggerPockets for years and a few months ago I posted in the success story forum on how my husband and I went from complete real estate failure and debt to coming back and buying a $...
BP, what's up? The title is pretty straightforward to my situation. I have $10,000. How can I turn this into $1M overnight? Thanks!Okay, I'm only joking. If you're still reading, I'm assuming you're patient enough to ...
Hello,We own a rental property that my family and I lived in Colorado for about 3 years and rented it out about a year ago when we moved to another house. We bought the rental for $335K and the property is now worth ...