I currently own a profitable property in Cypress, Tx (~20K net) and live in San Jose, California in my own home. My wife and I have been interested in property in the Lake Tahoe, CA area as a mixed use investment (i.e...
I was approached by a friend to sell a house we're considering flipping to another person on contract. They have a large down payment (about 35% of the home's listing price) that they could pay us up front. This perso...
Hello!
Looking for advice on possibly creating an LLC.
I'm closing on my first duplex in about 15 days. I partnered with a family member for this. I'll be owner occupying and managing the property, and the family m...
I met a private lender Mr. Dennis Westbrook at Dwest Enterprise, we spoke on the phone as well. Did my DD on his company, and most investors are skeptical but other has completed a loan deal with him. I have made a cl...
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...
Hello BP,
I am looking to start my own PM firm here in Maine. I have secured a handyman that has expressed interest. He's capable, trustworthy, on time, and presents himself quite well. I have had a hard time fi...
Hi community, I have what might seem like a simple question. Let's suppose a person is willing to sell a property that needs significant repair, but he is willing to sell for cash only. What might be the reasons for t...
I have 3 rentals under my business name right now, One of them is on a 20 year fixed rate loan at 4.325%. The other two are on a 20 year at 4.5% but balance is due in five years. If I switch these two loans I can get ...
My career in real estate investing started with buying a duplex in a c area in Dallas Texas. I remembering my friend doing the mortgage and I gave $5000 for the down payment that borrowed as a personal loan. The tenan...
The debate rages on about the cons and benefits of buying a primary residence. As a military member, one of my primary strategies has been to purchase a primary residence with a low ( <5%) down payment and rent u...