James York
Paying off rentals
Who is an advocate for paying off their rentals and just enjoying the cash flow? I’m fully aware of the down sides of this, but thinking it could be a better fit for what I want out of life. I’ve also recently spoken...
Account Closed
My plan to become a Real Estate Developer - what's your take?
Hello BP members,I am currently 19 years of age, and I will be 20 in October. I have been fascinated with the creativity of RE development ever since I was about 17, and from that point until now, I have done a lot ex...
Johnny Quilenderino
From 1 to 27 units in 7 months
BP,
Well next week will be officially 7 months in the trenches real estate and I will officially be at 27 units.
2 six units
1 five unit
1 four unit
1 three unit
1 duplex
1 single family only thing not bought this y...
Account Closed
Commercial and residential package
I'm in contact with the seller of a package, a few stores, a restaurant, and 15 residential units. It's right in Phoenix and 2.65 acres, mismanaged and still operating at a 7.8% cap rate now. The price is low at 900k....
Eric Griemsmann
Hard money Loans?
When taking a hard money loan out. Do you pay a monthly payment back or how does it actually work?I am very new to this, but want to educate myself on the knowledge i need to be able to pull the trigger on my dream of...
Andrew Carlson
Do you utilize traditional retirement investments?
I searched through the forums, and found a lot of people asking about liquidating 401k/IRA etc. But I could not find anything about whether or not BP members even put money into traditional retirement investments. So...
Charlie Moore
Chasing rent money!!! C class
Why? Or why not? Should I chase rent money.... c class properties
Juan Avalos
How do I buy more property if I spent all on my 6 units
Hey everyone so me and my 2 partners formed an LLC and recently bought 6 units that bring in a good cash flow of $2600 monthly - We put in mostly all our cash without damaging our normal lives :-) .Its going to be a b...
Scott McMahan
Portfolio lenders or blanket loans
I am just starting out in real estate investing. I have purchased 4 properties this year. I am having trouble buying any more because the banks don't want to lend to someone who has 4 outstanding loans. I paid cash...
Mahmood Abdul-Rahim
How to start acquiring rental units with private lenders.
Hi BP community! I was hoping to get some advice about something. I'm looking into getting into the buying rehabbing renting and refinancing strategy in South Florida.My challenge is that I don't have any assets or an...