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I am getting ready to do my first flip.. I am hearing some mixed thoughts on whether or not to set up an LLC. While I understand if you have a large amount of assets it is a good idea to set up an LLC, I just graduat...
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Hello All! Long time lurker but not new to the RE game. I'm in the military and have a couple of rentals that I want to eventually get out and move into the Multifamily/Notes side of the house. I feel the market is ov...
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Stephen Covey says to seek first to understand, then to be understood.When dealing with an investor (private money lender, rehabber, wholesaler, landlord), we need to understand what is motivating that person, but als...
I have been searching for a 2 bedroom property on the northside of Chicago (Lincoln Park, Roscoe Village, Wicker Park, Bucktown, Lakeview, etc.) for a family member to occupy 1-2 months out of the year so that they c...
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Out of state investor looking for his second deal. Hi BP friends,Thanks to BP and the awesome network here, I was able to land a deal last year in the Atlanta suburbs. I’ve saved some money again and am looking for an...
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I am new to the game. I came across a fixer, estimated ARV $650K. Needs maybe $25-$50K of repairs. I offered $400K cash intending on assigning the contract. My offer was emphatically rejected. I was wondering about of...
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Hey guys good morning,I’m looking to build multifamily ground up. It would be in houston, TX. Can you tell me what is the minimum land needed to be able to meet parking and storm detention/retention requirements, for ...
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Yesterday, I was at a meeting between a builder and his customers, I have had only minimal involvement on the customer side. the builder had given a very specific price for constructing the building. However, he ...
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Hello everyone!I’m new to the site and have found it very helpful. I’m also interested in REI and am leaning more towards flipping. I have a couple of questions regarding tax purposes. It’s to my understanding that ca...
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Hello,
I am looking to refinance a commercial property that is currently owner financed. The owner's payoff is around 180k, and wants to minimize capital gains tax. He is interested in reinvesting the money. My quest...