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Greetings Pro Members,A person I have known for five years and who early on in my career acted as both a mentor and coach for me got me interested in being one of several private investors in a high end flip he and hi...
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HI everyone. This is my first post, and I'm a new Pro Member as of today! I am currently finishing my first deal (BRRR). It is a self funded deal all in at 110k. I will be pulling my cash back out in the next few ...
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I know there is no right answer to this question, but it's been about 6 months since we got into the investment world and we were told over and over again by different books/gurus/educational groups that if you work h...
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Howdy folks: Looking for a 2nd set of eyes on a hard money terms sheet... Can I get a few thoughts on fair value? Is this similar to what others are seeing? First experience w/ hard money.
Loan amount: $27,000
Int...
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Its LLC entity, will issue K-1 for each partners.
Passive income for passive partners - Should it be categorized as ordinary income just as the active partner, or should be short term capital gain? The project is a f...
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Very newbie question. I have a borrower who is a member of our local REIA, that needs $50,000. I want to make sure I understand the process of being a private lender. I have my lawyer draw up a mortgage and promissory...
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My name is Don Spafford, my background is in investments, my wife, Maria, is a Realtor and I have been essentially working with her for many years learning with her. We have been interested in real estate investing fo...
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I have been reading articles, listening to podcasts, and attending webinars for what seems like forever. I feel I have identified my niche and strategy (buy and hold SFH using BRRR), I've mapped out a plan (secure pri...
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Hello BP Family,I have been searching the forums for my needs when it comes to financing my next property and I'm still stuck at which decision to make (Side note I am an active RE buy-and-hold investor). Here is the ...
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So I had this idea today and I want to get some thoughts and legal advice on how it would work if possible. My wife is a Realtor who speaks Spanish. She gets a lot of buyers who have large sums of money for a down pay...