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Good Evening BP Family! I am going to start an LLC (I think) ASAP. I say I think because I’m not sure if the LLC is the right entity term I’m looking for. For reference: I’ve flipped a handful of SF homes in the last ...
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Like the title says, both me and my fiancé have never owned a home, so we both qualify as "first-time home buyers."Let me lay out the situation we are in and then ask the question that I have been pondering:- We are c...
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I am looking to renovate 4 properties with my own funds and put all 4 newly renovated properties with tenants in a portfolio as collateral. What do the banks want to see to give me a great loan? If you have specific i...
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For the first time this weekend, I took a couple hours and drove a couple neighborhoods and came up with a list of homes that I want to target for off-market lead generating.
My ultimate goal is to buy these homes f...
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Property is an acre with a 1968 manufacture home on it. The property is in bad shape (ideally I will knock down and place a new manufacture home) so it is a Cash sale onlyI would need to do a hard money loan to get th...
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Hello all,
My wife and I have been in the construction industry for almost 10 years and about 2 years ago began our journey into real estate with our first purchase, a live-in flip that took us about a year. Now on ...
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I'm interested in hearing how you've negotiated and priced loan guarantees for your small (less than $5M total project capitalization) projects. Many of my new projects will be set up as GP/LP arrangements and some m...
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I am 17 and am looking at investing in the Mount Pleasant area where Central Michigan University is located. I have also been reading Craig Curelops book on house hacking and K realized that many of my tenants will be...
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Hello BP members,
I am hoping to have someone who is an appraiser or knows the ins and outs of Purchase Plus Improvements Mortgages answer my question.
I am currently doing a PPI through TD and it’s coming down t...
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2 out of 3 units are occupied. 203k closing is looking closer and clearer. They are month to month under market rent. Plus it will be a hassle renovating while occupied. Should I wait till after closing to discuss the...