I am looking to buy and hold in the state of Delaware. How does the hard money lending works??? Any advise on things I should know? How long does it take to refinance and pay the lender???
I was running through some thoughts last night.
I was thinking do you mainly do flipping,wholesaling or both??
The calculation in my area would be for an average flip about 25k to 30k Gross profit with a 3 month sa...
Investment Info:
Other private money loan investment.
Cash invested: $50,000
REIT Loan @ 12%
This would be our first house. Listed for 130K. Owner has records of renting the upper for 600 and the lower unit for 1000, making the total monthly income 1600/month. Neither unit is currently rented. We walked aroun...
Hi all,How would you record the "Capital Contributions" to an LLC in the ledger section for the following scenarios: Scenario 1: Let's say the equity in the property is $60K and mortgage is $140K before the transfer. ...
So I’m fairly new to the idea, but understand the approach, and negotiation aspect of seller finance. Where I’m having some difficulty understanding is the exit strategy. I’m looking to do LTR on the property, and ide...
I have an LTR in Pflugerville, TX (outside Austin) with a tenant that stopped paying rent last October with no valid reasons given. My PM has been following "their process" with the lawyers, but the courts continue to...
Hi All,Kind of a thought experiment which may turn into reality for me; I'd really appreciate your thoughts on this, BP community. Let's say that you have a portfolio of ten single families with debts ranging from 5% ...
I was wondering if anyone could answer a couple questions about 1031 transfers.1. Does the 1031 transfer have to be for the complete sale price of the property, or can you take out your original investment and just tr...
Brand new to BP other than listening to many podcasts.Self-employed and have been using most extra income to reinvest in my business to grow it. I'm curious on thoughts surrounding using HELOC/ IRA/ Roth money to purc...