Michael King
Starting a new relationship with investor and contractor
Good morning BP World,I have some exciting and nerve racking events on the horizon and I need some advice! First let me start by saying that I am a 22 year construction professional. I have worked, quite successfully,...
Alex Shipp
Landlord or Property Manager
I am new to Real Estate Investing and BP and was thinking about getting into buying SF rental properties. It seems like most people on BP uses a property manager, but I was wondering if any of you manage your properti...
Andrew Terry
The Strategy Game
Trying to figure out my strategy beyond the first property. Let me here what you would do with the scenario.Purchase Price:40KRehab: 40KTotal Loan From Lender after Rehab: 80KARV: 130KFair Market Rent: 1,200 Mo.If thi...
Lee Yan
Why its the best time to invest in single family rentals!!
Hi Everyone, we have been acquiring single family rentals (>10% cap rate) in St.Paul and Minneapolis the last 12 months and we are noticing the demand for affordable single family rental (1100 - 1500) is increasin...
Kevin Brown
When to Take Out Cashflow??
I have a SFR being managed by a property manager. It is currently rented out. I have about $5,000 in the property management account for "cash reserves". Six months PITI (principal, interest, taxes, and insurance) is ...
Tj Hines
We Just Recieved the Best Terms Ever
Acquiring 88 units out of 200 units in a fractured condo deal, we knew going in, getting the terms we wanted we're going to be quite challenging. History on the property ... back in 2004 this property was ran as a 200...
Scott Passman
Basic REI questions often asked: answered
I thought it might be helpful to post a quick list of many of the common REI questions I see posted on here that are fairly non-specific and have similar answers across the board. While I am no expert in real estate, ...
Randal McLeaird
Seasoning a Note: Reporting Seller Financed loan to buyers credit
I'm about to seller finance my first two deals and I want to know if/how I can report the the loan to the buyers credit. Is this possible?
The main reason I want to know this is because I want to season the notes for...
Mario Am
Managing a multifamily(+16)
Hey.I am considering purchasing a multi-family/building that has between 16-21 units, most articles out here that I’ve read focus on 2-6 units so I couldn’t find a clear answer on this.Before I really start it out, I ...
Ian Thomas
Importance of getting an LLC
I just want to know if someone can explain to me the importance of creating the LLC so that I can fully understand the concept. For example, why can’t a wholesaler or houseflipper get paid without the LLC? And what is...