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Got our first real estate investment property under contract in Dubuque Iowa. A nice 3 story townhouse. Now we need to get the rehab started, right after closing that is. We got the property for $32,000.00, needs abou...
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How would one assign a seller finance contract. What would be all of the steps. Would you enter into a promissory note with the seller and then assign that to another person?
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This is not a situation I have in front of me but I'm doing some exploratory thinking. What if I was talking to an elderly couple that were concerned they would run out of money but want to continue living in the hous...
Hi, this is my first post as a new member and I have lots of questions. My first being, how do you secure your first rental investment mortgage after you set up your LLC? I already own my own home that I still pay a m...
Hello,I’m closing on my first deal and have decided to hold off on putting the property under a LLC. Since I wouldn’t have an EIN to create a business checking account, am I allowed to simply open a new personal check...
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Hi everyone! Well my first renter ever has been a hit! I assumed them when I bought the house and now have 13 cars in the yard, every appliance is broken, no utilities have been paid in over 6 months and their lease...
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I closed on a home a few weeks ago for which the town inspector gave a list of items I needed to fix within the house and some outstanding permit. All the fixes are done but the permit applications are stuck with the...
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Can someone explain how to analyze deals? Is there more than one way to analyze a deal? The only one I'm aware of is the
70% rule or 60% in today's market.
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I would love to hear from those out there who self filed their taxes for their new REI LLCs in the first year without any investment properties/deals yet. I’ve heard many say not to bother hiring an accountant/large f...
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Hi BP family! I was wondering if anyone would be willing to share the form they use when partnering on a flip. I’m an experienced real estate investor and realtor, but have never had a partner. My name is on the deed....