Connor Bell
CapEx Reserve - Rental Properties
Hello BP friends! What's the rule of thumb for creating a capex reserve? (as a percentage of total revenue) At day 1 of owning the property, do you typically have some $ sitting in the reserve?
Anthony Iemmello
How to put Reno on HUD at time of closing (brrrr method)
Anyone familiar with how to put the renovations on a HUD before the work has actually been done? Closing on our first NJ project this week and the attorney said we cannot show future expenses on the HUD. We are lookin...
Brett Chien
typical flip process via HML?
Can someone walk me through the process of a typical flip deal via HML assuming:property: 80krehab: 20kARV: 150kcash on hand: 50kDo I put 50k down first to purchase the property and then get an appraisal for the rehab...
Clint Diven
Using my own money as cash down, or other options?
I currently have enough in savings that I can fund roughly two down payments plus some rehab cost. I am trying to decide if I should go ahead and buy two, buy and hold properties and start cash flowing, or if I should...
Kevin L.
Hello from Houston, Tx
Hello all,
I have become interested in real estate over the past few weeks. This is all i can think of, yet it is sooo hard to find good information. I have played on this forum very briefly..and it appears this m...
Kenny Ramsey
Flipper won't pay me 80k I invested after house sold
Can anyone recommend a lawyer to help me go after this guy or any advice on putting pressure on him to pay me what he owes me.We've done a deal on a previous house that worked out well. Decided to do another property ...
Terrance Hall
Structuring an investment group
Hello BP community,I am trying to set up a (3-4) small investor group in order to pool their funds and tackle larger fix and flips. I'm wondering if just setting up a simple LLC with all of them would be sufficient to...
Bo Taylor
Interesting Duplex deal in Kingston
Hey BP,Looking at an interesting Duplex deal in Kingston and wanted to hear what you guys thought. Property:- Address: 123 Russel Street - Duplex with 2 above grade units - Both units are 2 bed 1 bath - 25 min walk t...
Fred Lozoya
Getting started without any money..
Hello Newbie here.
I've been busting my butt to learn everything I can and it's a little discouraging when I here the opposite of what I've been led to believe...
I don't know anything about Real estate but like I s...
Eric DeVito
What would you do in this scenario?
Hello all, I have a possibly scenario that I might be facing soon and would like some input which route is the best to take. I currently reside in NYC and will be moving to another state where the RE market is more i...