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I am partnering with a friend on a flip. Part of his funds will come from my SDira. He will be signing a promissory note and borrowing money from my SDira and paying interest. He will then use this money to help pay f...
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86-year Old Lady's Letter to Bank
Shown below, is an actual
letter that was sent to a bank by an 86 year old woman.
The bank manager thought
it amusing enough to have it published in the New York
Times.
...
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I was looking at one property that the realtor claimed to have a 24% commission to sell. The property was listed under $30,000. There was nothing special (bad or good) about the property. Just another average lot with...
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I will try to make a long story short. Got involved with a hard money lender, they were looking for investors in the Pittsburgh Area to flip homes. The only work I would be doing is the money investment. I decided ...
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I have spoken to a few people who may be interested in lending me money to help in building my portfolio. I'll be starting with some flips to build cash reserves. I understand that a promissory note can be used to sec...
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So I have a duplex and a tenant had 4 friends over and one of the younger ones was playing with a gun and shot his friend in the head and killed him (all early 20’s) unfortunately. The tenant is moving out because o...
Hey BiggerPockets community–
I need help being persuaded to invest in real estate. I've managed my personal assets for quite some time, investing in stocks and bonds mostly, with the occasional foray into other asset...
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Any advice on what to do would be greatly appreciated!
I'm wholesaling a property that is set to close this Friday 02/15/13.
Back in December the Independent Executor of Estate signed the Purchase and sale agreement....
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Let's say we acquired property on a year 0 for 100k. Let's say we had a cashflow of 10k every year, for years 1 to 5 and on the year 5 we also sold the property for 130k. The question is why when we calculate the IRR,...
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1)At what age did you make your first investment?I am still 20 majoring computer science from a university in arkansas,i will graduate in about 2 years and then 2 more years for masters.Should i start investing now or...