Account Closed
syndicated deals - who secures the loan?
Let's say one syndicates a deal to purchase a $30m apartment building with 25% down;Who is going to secure the loan? Obviously, the sponsor isn't going to carry a $30m debt himself and be the only guarantor Theoricall...
Ross Bauer
Partnership on a 3-plex in Iowa
I am currently working on a deal to acquire my 2nd rental property and my first with a partner. The way we have it worked out right now is that we are starting an LLC as 50/50 partners. He is going to put up the money...
Chris Virgil-Stone
Excuses Don't Achieve Goals
This is the story of my first steps as a real estate investor and some of the challenges I faced. I'm writing this in hopes that other's will take control of their future and dreams instead of letting their past or wh...
Ron Steele
Newbie Seller Financed Deal
Is this a sound investment strategy?
Acquire a building . We get a hard money loan for 50%-60%. We then ask the seller to carry a note for the other portion. Of course we will have points and other costs. We then...
Alazar Wubet
How was your first flip like?
If you guys remember how your first flip was like, did you run into any surprises? was there anything you wished you knew earlier? what was the biggest lesson? I am starting out myself and i am hoping to know what to ...
Michael Hawrylak
Anyone Wholesaling in Volusia County Florida?
Hey Guys and Girls, anyone wholesaling in Volusia County Florida? I live in Deltona and work in New Smyrna Beach. My wife and I are just getting started and i would love to chat with sone locals who are either doin...
Jeremy Lee
CA: handymen vs contractors
Hey all,Just wanted to clarify but in California if I have repairs that cost over $500 including parts and labor, I need to hire a licensed contractor to do the work. If it's under $500 (including parts and labor) I c...
Gabriel Stabile
Wilmington, NC and surrounding areas
Hey all, I recently relocated to the Wilmington, NC area (currently residing near Carolina Beach) and would love to connect with any local professionals.I am looking to start my portfolio in the next year and would lo...
Erick D.
New pro member - Advice needed!!!
Hello BP members,I recently started my REI journey and decided to buy my first SFR before the end of 2017 and buy 4 rentals in 12 months. I have secured the financing with my bank, and I even have my eyes on a couple ...
Jon Coleman
New member in Milwaukee
I recently joined BP after having been enjoying the benefits of great information and discussion across the site. My background is in retail banking and I've since moved to a management role at a fintech firm but I'm...