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Investment Info:
Single-family residence buy & hold investment in Beacon.
Purchase price: $335,000
Cash invested: $33,500
I purchased this property in March of 2020 right before the Pandemic hit ...
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Hey BPers-I am beginning to search for my first deal which will be a flip. Before I go full steam ahead, I need to line up my financing. I have been researching and talking to my mortgage broker about obtaining a HE...
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Greetings,I’m here seeking guidance on a potential deal. The property in question is a commercial property with 9 apartments and one retail space that intend to place my business in. The goal is to own the property in...
When assigning a contract to a cash buyer, I assume the cash buyer will put up a deposit. I have a few questions about this process. Let me illustrate an example:
I (the wholesaler) go under contract for a property a...
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Hi,I opened a Solo 401K via Etrade for my LLC in 2016 and deposited the IRS limit 18k + 25% of W2 income. Note that my LLC is not related to real estate. I thought I would use the 401K to invest actively in stocks, ho...
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Hope someone can helpI am fairly new to BRRR with 2 multifamily properties under my belt in the Northern Kentucky area. I need some guidance on my next move.I finished rehabbing the first property and the tenants move...
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I have owned multi family in the past and accidentally sold them, a major major life regret. Looking to get back on the horse after 20 years of beating myself up over so ignorantly selling the golden goose I had. I ...
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Hi BP,
I am currently in the process of accepting applications to rent out one of my units. One of the applicants who applied is a very polite young man who is married with 2 young kids. He works at a local c...
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Hi, I have a wholesaler approaching me with a subject to deal with. Here is the number:take over $285000, 2.5% mortgage; $70,000 lien, 0%; $35,000 lien 9%;My out-of-pocket expenses are $40,000, and my rent is $2500. T...
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Hello everyone! My name is Daryl Meehan. I currently reside at the Jersey Shore with my wife and three lovely daughters. While I have a background in finance, I am relatively new to real estate investing and I am look...