Kevin Raye
paperwork
I have someone that wants to invest their money privately with me in real estate. I've never used this type of funding before and was wondering what type of documents should I have when securing the funds. This is my ...
Jake McVey
Romeoville IL Flip
Investment Info:
Townhouse fix & flip investment in Romeoville.
Purchase price: $160,000
Cash invested: $230,000
Sale price: $275,000
A full rehab in Romeoville. New flooring, kitchen, bathr...
Brandon Wood
HELOC Calculation Misunderstanding
I’m just getting started in REI and went to my bank today to inquire about opening a HELOC. My bank said they would loan 80% of equity. However, when calculating the lendable equity, she used the formula:Estimated Hom...
Eli Rose
New North Metro Atlanta Wholesaler
Hello BP friends! I am excited to be a part of the BP community and I look forward the learning, relationship building and success ahead.I have some experience in real estate speculating, good luck and good timing; w...
Clara Brashear
How to become project manager?
I want to start flipping as well as be able to do my own contracting work. How does one begin to learn about being a project manager/contractor without needing a license? Is there a way to be involved in a project and...
Jake Kucheck
How Do I Involve BP in My Facebook Discussion?
Completely by accident, I started a fairly interesting conversation about moral hazard, principal balance reduction, and mortgage payment incentives on Facebook.
Is there any easy way to "upload" the discussion on to...
Nadirah Dawson
Is this a Deal or a Scam? Heputs in nothing but wants 50% equity
Hello Everyone, I was just given a proposition to partner in deal for a house in Irvington, NJ ( a high rental area), 3bd /1bth SFR, for $69K, he puts in nothing but "experience" and he'll handle cosmetic repairs and ...
Chris Heeren
How does a BRRRR investor calculate how much they make a year?
I receive the majority of my income through Buy & Hold Real Estate and am looking for a way to calculate how much I make a year, sounds simple right? I currently own 90+ rentals and buy 20+ properties a year usin...
Christopher Davis
Problems getting qualified, oddly narrow requirements
Problems getting qualified from conventional lenders. I am baffled at the rationale but it has happened twice now.My overall picture is quite good I think. But the lenders are basing their decision on one very narrow ...
William Bentley
How do you decide which finance strategy?
When looking at a property to purchase, how do you guys decide on which strategy you are going to go with (i.e. land contract, buying it out right, etc)?