Buck Dabill
Old Hotel into apartments, Should I buy?
I have an opportunity to buy an old hotel built in 1952 which has been vacant for 30 years. it is a 42 room hotel on one level 13,000 sq ft. Cost looks like 30k. repairs are estimated to be 850,000. we plan on turnin...
Jason Maguire
Conventional Loan Help- Primary Residence
Hi BP Team,I've been looking to move out of my current house (SFH) and am looking to buy a 4 unit that I intend to live in for the next few years. My plan was to utilize a primary residence conventional loan & put...
Austin Snyder
Land Contract/Agreement for Deed instead of Novation for quick Flip
Hello I'm hoping to get some insight on if this deal structure makes sense. I've bought properties before via "Subject-To" but I've never done a novation or a land contract. Deal DetailsI have some sellers who are fal...
Wiley Hood
Are DIY cost segregations a good idea?
Recently, I've decided to do a cost segregation study on a new $490K property that I purchased this year. I came across a firm (KBKG) that offers a $400 DIY cost study (paying for a membership). I enter the informat...
Rodney Dawkins
Avenues for wholesale investment
Through conversations with a few investors and investor brokers, I am getting the thought that as a wholesaler, it's best to find properties that either have not hit the mls yet and or have just hit the mls for no mor...
Stephen Dispensa
Having Trouble Finding a Deal - Read This
(Quick background, I'm an Agent/Investor located in Tampa, FL and I specialize in working with investors. Good portion of my business is single family residential flips but expanding into multi-family value-adds.)The ...
Ti Hon
market value vs. default loan
Hello everyone,
I have read many posts .. if not all for the last month or so .. but still quite not comprehend why banks are listing REO properties at market value ( at least in State of California ) eventhough I ha...
Eric M.
What do you think of this behavior of RE syndicator
I wasn't sure what category to put this in and I am not ready to name names quite yet but I am in the middle of a very frustrating RE deal. I would like your input on some things I have just learned.I am a former flip...
Jason Rosenbaum
Multi Family Analysis
Hi BP,I wanted to get some insight on analyzing a multi family deal. If I were to purchase an 8 unit property with a few current vacancies, but all are rent ready, is there a rule of thumb on how much the value of the...
Robert Haney
Restructuring with 2 series LLCs or what? Need help.
I'm in Houston TX area. I have 3 real estate businesses I started 3 years ago. 1) Sole proprietor Fix and flip business: doing 15+ properties per year all cash with 6 to 9 properties in inventory. 2) Sole proprieto...