For the sake of clarity, I am using simplified round figures...
I took out a six-month hard money loan to improve a property I already owned in my personal name (paid cash) for $100,000 nominally, with 5 points orig...
Here's the scenario:12 unit apartment complexOff market2 units month to month10 units 12 month leaseUnits are $300/month Below Market rentsAbsentee ownerProperty is free and clearPurchase price $1,600,000$50,000 closi...
Hello BP Community. I wanted to get a consensus, I am relocating to Austin and selling my primary residence here in Orlando, FL ..... I am selling on a lease-option, but I'm curious how many of you would have sold ou...
Hey BP,I'm currently writing out my business plan. I'm at two pages and I think its going well so far but I would just like to hear any advice you all may have for me.What is crucial to include?How long are your busin...
Here is the email I recieved, t there is also a approval leter I can attatch if someonewants to view it. Could you please let me know what would be your first thoughts after reading this.The attached file is your appr...
Are there any folks out there who have just had some success in getting their first or second apartment property... something over 20 units? If so why not share your story on what you went through to get it.
Have a ...
The basics:I'm a local investor with 11 units of my own in Kalamazoo, a great cashflow market in the Midwest (I achieved the 2% rule in case that helps demonstrate). SW Michigan continues to grow despite the east side...
Hi Everyone,
Seeking some info on how you would request & assess a contractor bid.
How would you like to see the bid & it broken out?
What else would you ask for so that you can easily assess the bid?
...
Thoughts? Anyone have experience with this in Florida?
Details:
-Property currently under contract with a wholesaler at 76% of ARV.
-Rehab included new driveway, addition of bathroom and converting a room to bedr...
Hey everyone! Im looking for help coming up with seller financing terms on a triplex. I asked the owner if they would be up for seller financing and they said depends on the terms. So I’m wondering how to calculate an...