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I'm looking at a condo @140k to purchase and rent. I realize that if I put this on a 15yr note my return will be mostly principle down payment but still a 20% return on investment. Although I can purchase a 4 unit for...
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Hey Everyone!So, I started the Real Estate Journey on my own recently. I am starting off as a wholesaler. I am still unsure as to what is the most effective method to find deals. I've tried zillow, Driving for dollars...
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Hello All,I’ve actually been a member of BP for many years however just not active.I’m in San Clemente, CA and I plan on attending the meet up in a couple of weeks.I know it’s difficult around here to invest however I...
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Dear fellow real estate Developers/Investors.....Has anyone borrowed from GroundFloor finance? If so, any contact information for the loan officers there and their lending practices? Credit? Bank statements? Experienc...
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Hello BP,So I was doing some research for a client of mine I am doing some loans for. I know a decent amount about most programs but learned something new today that could be helpful to others looking to employ the B...
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A short background - I bought this property in 2016 and transferred it from my name to an LLC last year. A few months ago, my lender had asked to see evidence of my property insurance, which of course had my company n...
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Hey, everyone - I'm going to be changing my state of domicile from Ohio to Texas later this summer. Right now, I have an LLC in place for a duplex I own. Do I need to do anything with my LLC when I move or can I jus...
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The property is RM-1 multifamily. The house is in really bad shape, it has been vacant for a long time and has no kitchen or anything - also part of it has no floor. The lot is huge 5000 sq feet but 2300 has been bu...
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Putting together my first cash offer deal. I'm not using a realtor and the realtor asked me to submit a offer. Where can I find a template for an offer letter?
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Investment Info:
Single-family residence buy & hold investment in Pittsfield.
Purchase price: $23,000
Cash invested: $25,500
Purchased, rehabbed and refinanced cashing out $26k to account and add...