Jason Switherspoon
Buying my first property and looking for advice
Hello,
I am just about to commit to my first rental property. I am in Colorado and I am buying the property through family. It is a townhouse appraised at $275,000 and I am about to commit to buying it for $250,00...
Dusty Cady
Buyout Private Lender Fees and get 50% Equity in home??
So I have stumbled upon a very unique deal and I would like to get some opinions on it. Here is the scenario.Investor owns a property that has an assisted living business being ran out of it. They mortgage is currentl...
Ray Shem
Possible First Deal - Fannie Mae Foreclosure with Hompath Mortgage
I'm looking at the following Fannie Mae foreclosure:
3 BR/1.5 BA
Decent Working-Class Neighborhood
Price: $52,900 (asking)
Rehab: $2,500-$3,000 (nothing major, but needs fridge and dishwasher)
Potential Rental Income...
Patrick H.
Real Estate Agents and Wholesalers...the differences
I am curious why people looking for a home to live in commonly buy through a real estate agent rather than a wholesaler? Since a wholesaler can negotiate a low price directly from the seller, wouldn't it be more ben...
Matthew Shay
Opening up LLC for Real Estate Agent
I am interested to open up an LLC as a real estate agent in NY for tax purposes (thinking to elect the LLC as an S-corp for tax purposes.) Is anybody else doing this and is it worth it? Do you need to put your LLC nam...
Kyle Bentz
Commercal vs. Multi-Famialy
What is better commerical or multi famialy? Which one is more profitable? To me it would seem that commerical is more profitable because you dont have much expenses compared to a multi famialy aprtment complex. Is thi...
Daniel Choi
Orange County Ladera Ranch Property
Hey all! New to BP. Would love all of your thoughts. Please be brutally honest! I own a townhome in Ladera Ranch, CA. Its a really nice neighborhood. Bought in 2019 pretty high. We recently moved to KY. This townhouse...
Zoe Cramer
Structuring a financing deal with a private investor
I’d love to get some advice on the best way to structure a private loan. The lender is a relative so she’s very flexible and is open to hearing my suggestions, however, I want to make sure I’m approaching her with a f...
Christina Tsutsui-Tharp
New broker/owner-when do I grow team
I just opened my own brokerage in May in Central Oregon (Bend area, not Eugene) and am trying to decide when is the right time to bring on some other agents?
My long term goal is to have around 7 full time agents an...
Jobee Vincent Buenaventura
When is it time to sell an investment?
I have a 2-family property in NJ that can potentially sell for $500k according to comps given to me by my realtor. I bought it in 2020 for $390k. In 2021, I cash-out refinanced and it appraised for $450k. I used the m...