Hi all!
I just completed my first deal in Illinois and I am looking for feedback on the closing costs. Here's some information about the deal:
Purchase price: $105,000Renovation cost: $27,500ARV appraised: $140,000R...

Hi everyone,
My name is Mike, and I am a 1st time real estate investor. I’ve read a few awesome books on real estate investing, and finally want to make this happen! Super excited to be apart of this community.
I a...

Hello BP Family,How do you all determine numbers for a commercial mortgage when estimating if a property if worth purchasing? Below are numbers I have (50% rule), the main concern is how to get accurate estimates (tha...

I will be paying cash. He will live in the house alone. I will be paying the tax and insurance. Hopefully he will be able to reimburse me for my expense by making monthly payments to me. I am unsure whether I should r...

I'm really trying to get into the house-flipping business. I'm not sure I can at the moment as I only have about 50k cash (soon to be ~130k, but I don't want to be gambling away inheritance). I'm just playing with the...

Hello,I am interested in investing in the Jacksonville or Daytona Beach areas.  This is my first post on this site, although I have listened to all the podcasts and been cruising the site for a while.  I am a new inve...

Hi Folks,I live in Ukiah, California, (Mendocino County) which is 2 hours north of San Francisco, one hour north of Santa Rosa. This area is infamous for being part of the "Emerald Triangle" meaning Marijuana is a sub...

I wanted to expand on a topic that Joel Owens and I started to discuss on another thread. It relates to the loan offerings available from local/regional banks for commercial loans under 2MM. I know it has been di...

Hello all.My names Fergus Killarney. From Galway, Ireland.Currently in final year studying engineering. Hoping to get a job in property when I graduate, or engineering as it could pay more. Been reading lots of articl...

I am going to have to review the book What every REI needs to know about cash flow, but for now I would like to know what ratio you all use to determine costs verses potential rent received. As you work on a house an...