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Hey everyone, It's my first post on Bigger Pockets! I have an owner occupied home in Carrollton, Texas (near Dallas) we paid 160,000 for it and its current value lies somwhere between 210,000 - 230,000 now. My wife an...
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Hello all,A few years ago I let my friend borrow 40k for a real estate project.A good portion of those funds are being returned to me this year.Is there anything I need to do specifically with the IRS to avoid paying ...
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I just completed my first fix and flip and have buyers who are interested. We agreed on price terms etc, were under contract for a few days and then I find out their lender can not approve them due to student loan and...
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Hello,I recently used hard money to purchase a duplex house on a zoned commercial lot with the plan to utilize the BRRRR strategy. The house is located in Tennessee. I have begun talking to lenders and am having troub...
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Hi all, I heard Jay mention this term on the recent podcast in relation to turnkey properties. Anyone able to give me any more details or point me somewhere? The concept sounded intriguing.Thanks!
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I’ve decided to become a private money lender for a fix and flip investor. I’ve done my best to research the process but wanted to get additional guidance. I’d like to loan around $25k to start, but I’m undecided on l...
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Hey everyone, I'm Milos Andelic, an investor based in Atlanta with a passion for finding and reviving distressed properties. My team and I thrive on seeking out off-market opportunities, leveraging our expertise to tu...
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I am currently reading the book on flipping houses and it seems like these financing tools are really similar and I am stuck so, what is the difference between a private investor and and equity partner?
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Investment Info:
Condo fix & flip investment.
Purchase price: $88,000
Cash invested: $44,811
Sale price: $190,000
1 bed 1 bath 3rd floor walk-up just a block from the lake in Roger's Park.
...
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I would like to renew my current tenant's lease, but after doing a yearly inspection there were a few things that I was not happy about. (This is the first time I am a landlord and it was not by choice, so I apologize...