Janine Badic
Transferring/ Obtaining License in North Carolina
I just got licensed and started with a brokerage in VA, only to find out that I will be moving in the next month to North Carolina. I would like to sit for the NC exam and am curious if anyone has any insight on how ...
Jimmy Domer
1031 Exchange Question
I understand the 1031 exchange basics. I am hoping to use it for a rental I am selling to purchase another two properties. Am I able to exchange with two different properties or does it have to be to one? Also, how...
Derek Parks
Why would FSBO fired their Agent
Hi BP,
I’m looking at a FSBO property that has potential and analyzing the deal now. The SFR property has been listed for +150 days and the seller is super motivated. I called and spoke to the owner for 10mins getti...
Freddy Hernandez
Help: HELOC + private loan to finance next property purchase?
Hey everyone,
I wanted to get a little insight/pointers on the strategy I am thinking of taking on my next rental property purchase.
Here is where I currently stand. I can take out a HELOC on my current owner-occupi...
Sherlock Holmes
Getting the cash
I have been reading this website for a while now trying to learn about RE and I want to start wholesaling before moving into bigger things. I was wondering how it is possible to do this with little to no cash.
Derek Carroll
Hard money loan to value
I have a hard money lender offering 70% of current value, not ARV. Is this similar to terms that others are hearing?
I'm hoping to use hard money for both the purchase and renovation. These terms don't seem to leave ...
Austin Seth
Renting a loft and covering expenses using Airbnb???
So this is probably a worn out question, however I am new here so I am going to ask anyways.I am looking into renting a loft in Galveston TX as a weekend getaway. However, my current financial situation does not quite...
Pete Storseth
70% rule offers, always?
Making the 70% ARV offer minus repairs is the #1 rule, but what variations of offers have you guys made that made sense for all parties involved. I'm opening this thread with the hope of BP investors to share interest...
Robert Sadra
first time creating an LLC would like advice
Hi everyone, I own a rental property and would like to create an LLC. This is my first time doing this and would appreciate your input on two questions I have. My first question, in what state should I create my LLC? ...
Sean Delaney
Investment Duplex
Good morning BP nation! I'm looking at a duplex as a buy and hold property where I would not live in either units but would be the PM.
Purchase price $150,000
20% down 30 year mortgage
Initial ca...