Sid Newstrom
Financing Question
Initially when looking for my first rental I wanted to use the homepath program in order to lower the down payment. As I ran tests on the numbers leveraging up seems to be a better way to go.
My initial quest...
Account Closed
Exit Strategies
Chapter eight of the UBG. Exit strategies. This is the big one. I want to make sure I have some very well defined exit strategies before getting into my first investment. This will be especially important if I decide ...
Rao V.
Tax question
Hi,I bought a Owner occupied home in 2013. Life situtation changed and we decided not to move in the house.After fixing/repairing it I decided to wait till 12 months since we were not allowed to rent for 1 year as an ...
Julie Muse
Profitable Partnership on Bristol St: A Successful Flip in Scottsboro, AL
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $167,000
Cash invested: $41,000
Sale price: $285,000
Partner Driven teamed up with Preston Moore to purchase a ...
Josh Cohen
How do accurately run numbers
I want to run numbers on numerous properties before pulling the trigger, as an exercise, so I am better prepared when I am ready. Unfortunately, I don't understand how to estimate potential repairs/rehab, and many of ...
Edwin Lopez
Managing gross income from business
What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in adva...
Maggie Rose March
Fix & Flip
What's your biggest challenge in funding a fix and flip? Could private lenders be the solution?
Kathia Molina
Buying our first investment property
Hello,My husband and I are in the process of buying our first investment property. We have a HELOC and cashing out a 401(k) for the down payment. Both our tax accountant and financial planner are against the cash out ...
Fred Canzano
Using my LLC for a flip but bringing on a partner for one project
I am opening up an LLC for my wife and I to use in real estate investing. I want to do a flip under my LLC but bring on a partner for the project. What are my options for bringing him on board? Its a 50/50 split on th...
S Penn
How to best allocate savings
Hi all,First of all - big thank you to the BP community. The knowledge I've gained so far just by lurking has been invaluable. Apologies for the lengthy post below, but wanted to include as many pertinent details as p...