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At a recent real estate seminar I attended the presenter said that it is illegal to commingle funds from different private lenders to purchase a property. The example he used was borrowing money from 2 relatives (5...
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Hey everyone,
Any stories to share on house hacking experiences within the NYC area (Queens, Brooklyn, Manhattan, or Jersey City)? Especially as of recently? When I say stories I mean along the lines of...
When did ...
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Background
I am not a Professional Real Estate (yet) as I am working as a full-time engineer, and I don’t meet 750 hours of services during the tax year in real property trades or businesses in which I participated. ...
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So I just learned about turnkey investing and downloaded the app! I’m not sure any more people don’t use this style of investing, am I just new and hyped or is there a catch?
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Hello BP,I am educating myself to become a wholesaler. I know the basics of it but I would like to know a more step by step explanation on double closing. What all is needed from start to finish. I get the basic premi...
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Hello,Having delved into the informative realm of the Bigger Pockets podcast and other materials, I've learned that, optimally, a long-term rental investment might generate a monthly profit of $100-$200 per property. ...
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So I'm new to REI but moving quickly to get my business moving. It's going pretty good so far and meeting four sellers next week. One of the first things I did was to attend a nearby REI club meeting. Now I underst...
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Hi all,I have been renting SFH, houses by the room, and duplexes part time since I started in 2007. Now, instead of practicing law, I decided to go into real estate full time.I have been flipping, and have been making...
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I just read Rich Dad Poor Dad,it was a good read and very motivational. It seems like all these books are motivational, and give you examples of deals they have found. The one thing I notice these books lack, is the...
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I'm wondering what is the average profit per flip. I attended a RE seminar and the guy teaching the class was saying he won't do a flip unless he makes $50k profit minimum. Which sounds amazing if that is true. I'm lo...