Marcus Griffin
Buy subto sell via wrap question
Im closing on my 1st subto deal at $300K(240k mortgage balance, $60k Partial claim balance) Seller interest rate is 3.4% payment is $1900. I'm looking to wrap this to a end buyer for $350k at 9% interest 10% down. Sho...
Tucker Cummings
Thoughts on Cashing out my 401k
I'm wrestling with cashing out my 401k and I'm wondering if this is something I should do with mine and my wife's 401k. The purpose would be to push it into real estate. Total we have about 70k in our collective 401k....
Sunghee Shin
Section 8 Investment in Detroit Michigan
Hi there (new to BP here),
Anyone do section 8 rentals in Detroit, MI? If so, does anyone use PM to manage the properties?
Soon, I'll have some capital to invest in RE. Been really interested in investing in prope...
Ember Meadows
Closing on a Wholesale Deal
Hey guys, I have a question. I have done several deals already, but have never completed a wholesale deal. Well I have a deal under contract and I have a cash buyer. The deal is I am supposed to contact a title agency...
Jonathan Twombly
Do you need an LLC? Absolutely. There is No Debate About It.
The LLC debate rages on here at BP. Rarely does a day pass without an investor asking whether they should use an LLC or not. Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is ...
Sylvia B.
Hello, I'm a slumlord
We had a conversation with a guy today and it went something like this:"Hey I saw you hauling some lumber the other day. Whatcha building?""We bought a rental house and I was fixing a safety hazard." (Concrete step at...
Account Closed
Should I file for bankruptcy?
A couple disclaimers before I start:If you look through my profile and previous posts, you'll see that I am young (just turned 22), and also may believe I don't have the right mindset or maturity yet to start REI. Thi...
Ryan Proffit
Smokey Mountains current situation on the ground
Hello, I have been following and searching threads on the Smokey Mountains. I am going to have some funds available soon, and am very interested in this area. I am just looking to get an update on expected gross incom...
Michael Newman
What are the best and worst Chicago south side sub markets?
Hello all, Hoping to get some first-hand knowledge and/or opinions on the best southside Chicago sub markets for apartment building investments. I've heard that Woodlawn, Bronzeville, and Jackson Park highlands are ...
Julie Silvestro
Should I Use Cap Rate or ROI?
Hi All,I would like to play a game inside of the Bigger Pockets forum; nowhere else can I get the opinion of so many valuable industry professionals. The game is what do y'all think is a better word for my marketing p...