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Need advice on partnering deal
Sorry this isn't directly related to RE, but I know there's folks on here that will have some good insites on my situation. An opportunity recently presented itself to partner with another couple to open a restaurant ...
Wayne Brooks
Okay, let's do a poll about this "must own properties in an LLC" idea. Any real world examples of where it saved you, or is it more trouble than it's worth?
Many have the perception that they Must own properties in an LLC, for protection of their other personal assets, from that super duper lawsuit they're going to lose, that's for more than their insurance limits.Thought...
Bryan Carleton
How to raise money from strangers
Hello, I’ve got 4 buy and hold duplexes and 1 SFH that is a fix and flip which is done and currently on the market. One of the duplexes is being renovated now and I’m looking for more.I have a couple of deals I’m look...
Samir Patel
How Would You Start?
My wife and I are looking for alternatives to investing in the stock market to increase net worth long-term and while we value cash flow from an investment property, we have a 15 year retirement horizon. Combined we ...
Khaleel Zafer
Pulling out Equity or Utilizing with HELOC
I recently bought my first home at 23 for 126,000. I put down 5% with a conventional loan and after appraisal, we came back with an appraisal of 145,000. Around 20k equity. I added in about 10-15k of rehab work. When ...
Charles Worth
Q2 2015 Market Report: Manhattan Rents and Sales Prices Hit Record High
I recently looked at condos in NYC and the vast majority had carrying costs of almost twice the rental rates. Also, a number that actually sold had renters that were paying $1K a month less than the carrying cost. St...
Sherrie P.
Buying rental property with money borrowed against stocks
Has anyone ever borrowed money through a bank using your stocks and bonds as collateral?
We could sell the stocks and pay cash for the property, but we would have to pay at least 15% cap. gains.
We woul...
Michael Junior
Wholesaling a note ? Is this a thing ?
So my cousin is a lender, had a client call him. She has a property in Oregon, she bought with a hard money lender. I'll keep it short. Basically she is in default with the hard money lender, he wants to foreclose on ...
Amit M.
$5 million is the new "millionaire"
well actually $6.4 million according to this Charles Schwab wealth report on the San Francisco Bay Area. Which matches my sentiment that you need about $5 million to begin feeling like a true "millionaire", which I de...
Tom Barnard
Refinancing Commercial Properties - Easy or Hard?
So I have been reading about multi-family properties... If one was purchased using Hard Money, how hard would it typically be to refinance with a conventional loan 6 month or a year later? Would the banks still look a...