Barbara G.
AM I losing Money on This Duplex Or Is It OK?
How are we doing here?We Bought 2 matching Duplexes in Feb of 2014 and paid $332,000 (+ closing costs) for both of them.They needed approx $37,000 ($18,500 each) worth of rehabbing and were occupied with tenants pay...
Vi Lai
I JUST QUIT MY (SOON TO BE) $100K FULL TIME GIG TO BECOME A REAL ESTATE SALESPERSON
Hi fellow BPers!I know you're probably confused why I put this post in the success stories category. Hear me out friends! This is a HUGE personal success to me.I just wanted to share the biggest life-changing (some ca...
Maria D.
Using an IRA account for RE investing?
I'd like to use my IRA account to invest in RE. What is the best way to do this without liquidating my IRA? I'd like to use the money without actually withdrawing it to avoid paying income tax on the withdrawal. What ...
Emily Reddington
Negative Cashflow Property
Hello fellow investors!
Hoping for some seasoned input on our current situation.
We own a duplex that we initially house hacked in. We rented the downstairs to almost cover the mortgage and lived upstairs. We had n...
Russelin Kisiel
Solo 401k first hand experience?
I would like to know which companies you are utilizing for your solo 401k and why.
Thanks for the feedback.
Michael Williams
Interviewing possible commercial lenders
I've secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are di...
Jordan Santiago
WHAT TARGET COC RETURN FOR YEAR 1?
Hey BP,
I have a question for anyone experienced in value add deals, specifically large apartment complexes. Being that the rents are below market value, and the loss to lease is high for a lot of value add deals, wh...
Chase Schmidt
Should I Sign "Exclusive Right to Represent Buyer Agreement"?
Newbie Here,Just got off the phone with an agent who says that in the state of Virginia it is required to have a signed "Exclusive Right to Represent Buyer Agreement" before he shows me any homes. Now I have no probl...
Naskat Williams
Bank Wants 10K Earnest Money
My realtor told me that in rder to buy a reo property the bank wants 1oK in earnest money. The arv is $400k, and i will be offering 15ok. I told him the most I would offer is 2k. He said that the banks ask for 10k be...
Anthony Clayton
Don't do Double Close Escrow for Short Sales
I have been seening alot of post of how to do double close in CA.
YOU CANNOT OR YOU WILL BE IN JAIL
Detectives label this transaction as "you a perpitraitor". You will be in p...