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Alright BP, any and all thoughts on this particular deal would be appreciated! I'm trying to solve a problem that a client is facing, but I'm currently having just a slight 'brain fart'.
Owner has a property (Town H...
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Looking for some financial and practical advice on my investment idea.1. I have an income of $60,000 per year.2. I want to buy a three bedroom townhouse for $290,000, with a down payment of 10%. I'm thinking an FHA l...
Hi all. Newb here! My wife and I purchased our first investment property in MI. It’s a small duplex in Hastings, MI. We closed last week and are going to talk to current tenants this afternoon. Curious if other memb...
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I recently started a wholly owned LLC to perform fix and flips initially, with the idea of transitioning to buy and hold as the cash reserves allow. Is there any tax incentive, or disincentive, to transferring my ...
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"Take action." Over and over, no matter the industry, everyone's best advice on getting started is to do exactly that, START. For 18 months I worked as a Transaction Services Associate at a large international advisor...
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I'm in Illinois should that help anyone. I'm not asking about any laws or legal advice. I happened to run into a perfect short sale situation on a pre-foreclosure property, similar to the SS deal l did 5-years ago. It...
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It is the spring and I thought I would give a primer on "creative financing" for the BP community.I will break it up into Beginner and Advanced.I will talk about well known and not so well known strategies.Beginner st...
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I've seen some posts on the LLC topic (especially the Wyoming LLC trend) and of course ended up on the fence. My scenario is I have 800+ credit, great job history, and a rental with $300K in equity and cashflow of $90...
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In David Greene's book "Long Distance Real Estate Investing" (which is awesome, btw) I saw an argument that I didn't understand fully, which is basically "you should overpay on your mortgages to refinance them faster ...
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I hope people find this write up helpful. I tried to be detailed without getting too long winded, but if I missed something don’t hesitate to ask. I really wanted to highlight the lessons learned on the BRRR strategy ...