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Well I found out the hard way why Landlords sell a house with renters in it. I purchased a 3/1 bedroom in Memphis last year. The cashflow was great everything made sense. I did my due diligence everything looked great...
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My ultimate buy & hold plan is to buy 1 property at a time, the difference is I plan on living in the first 2. then after that find and pay off my personal property. I plan taking out the equity out after each o...
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If I have student debt and poor credit, should I focuse on repairinng my credit before investing in rental properties or can I use an LLC to build a separate line of credit? Or any advice on getting started with debt....
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Hi, I have an idea to maximize selling my properties with no notes on them using 1031's and thought I would bounce it off y'all because the wife thinks it seems to good to be true. LOL. Based upon the cash I would ...
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As a brand new agent starting out with a small network. Is it best to buy leads or pay for a program that give you access to phone numbers in your area for prospecting? Or should I just wait it out and work with the n...
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So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...
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Hi everyone!
I've been flipping houses and investing in multi-family properties for several years now, but I've hit a bit of a snag recently. My primary source of deals has been wholesalers, but the numbers just have...
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I have plenty of Credit card debt but I wasn't sure what's better immediately focus on the debt or don't worry about it for now and look on buying a house with the idea of flipping the house and using the profits to e...
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Hi BP!What’s the most amount of properties you’ve flipped in a single year? How did it go? How many contractors did you use? How did you find all your deals? How big of a geographical area did you focus on? How many m...
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Hi, I'm a new member, and I'd like (probably need) some advice.
My girlfriend and I are thinking about investing in real estate. Our idea is to buy relatively cheap condo's and renting them to students.
We've only ...