Jose Garcia
FIRST BRRRR has me a bit confused someone please help ?! thanks !
so I'm trying to acquire my first brrrr deal and when I plug the numbers into the brrrr calculator it shows a negative cashflow on the refinance part and only a 6% ROI during the first loan.(hard money loan) im not su...
Bastian Kneuse
Deal Analysis: Duplex vs. SFH
HI BP Community,How difference is analyzing Duplexes or even Triplexes from SFH? In my mind, maintenance and capex may be higher given the size of the building and the possible higher turnover, hence these two assumpt...
Dean B.
NorCal Development project
BP wise ones...I am in between a rock and a hard place right now. I know many of you are in California and know how (block my eyes from the gouging) high the costs are with construction in NorCal. We have a beautifu...
David Moudy
Tenant Napped! A learning experience
Would love to hear thoughts on this:TL/DR: First Key Homes lied and took our tenants. A learning experience.Want to share something that has recently happened.We closed on a home recently that had a tenant in place.Du...
John Bagwell
Legal Issues Concerning Note Finding
To all Note Finders,
After carefull research on whether note finders need to be mortgage brokers you must look at the legal definition of each state's legal definition of a mortgage broker. My states defination for a ...
Chris Ferren
Partnering with a GC
So I'm currently looking for my first flip project and am getting more serious about writing my first offer. I have set up my LLC which will be will be taxed as an S Corp, found a great CPA who specializes in working...
Shawn Dandridge
3,000 too much?
Hello All,
There is a home in my grandma's neighborhood that has been abandoned, vandalized, and empty since the previous owner died, about 6 or 7 years ago. It is completely overgrown and I have no clue what kind of...
Frank Adams
Taking one back in TX
Wow, it's been a year since I was on BP, good to be back. I've been enjoying my retirement in CO but haven't found any deals here, but I have a chance to get one of my flips in TX back, if I want it. Here's the scenar...
Sam Levitz
Interesting.....Owner finance or Lease Option??
I would really appreciate some expert insight on how to structure this new offer on my townhouse....
They buyers really want to buy it. I told them the price of $377k. I owe $376k. It is worth about $250k with al...
Nate B.
Contract Void? Undermarket buddy hook-up prior to closing on storage
Must annual contracts be upheld after transfer of ownership?Scenario: Closing on a storage facility. A few annual leases in there at under market rents. I was going to leave them in place; however, this weekend the...