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Im looking to make my first commercial purchase a fast food restaurant with a new 20 year lease term at $1,575,000 and a 5.75% cap rate so around $90,000 of annual rent. I have a decent income tax wise $180,000 or so,...
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This post is created for 3 purposes. One is to vent, two is to identify if this is an isolated occurrance or Nationwide, and three to have all of us join together to do something about it.
Here is the problem/situati...
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Hello,
My brother and I received a house from our father (act of donation in june 2008), the house is a two family unit, estimated value of $70,000. The house is clear of any mortgages, liens (no money is owed for it...
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New to BP. While networking I meet a realtor that said he started a LLC to run all of his long term rentals though. Any thoughts on this? Would it be wise to do for short term rentals as well?
Thanks
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So my husband and I bought our first investment property in November and Chase is our servicer. We opened an LLC to transfer the deed and have been working to get a consent to transfer from Chase. I just got a respons...
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Just wrapped up a build-to-rent project on Wilson Road, and I’m excited to share how it turned out! We built two homes side by side on infill lots with a lot value of $20k each and hard construction costs of $196k (bu...
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Hi everyone, In a little over a month I'll gain access to a bunch of capital, and plan to buy a 2-4 unit multifamily rental in Jacksonville, FL. But let's say I had access to the capital now. What's the best order to ...
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Hello Everyone! My name is Holly Saxby and I am a newbie at real estate investing. I was a CPA and am working to get my license reinstated after 10 years of staying home with my kids( I have to catch up on my cpe). ...
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would you do this?.
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Hi,I had an idea from someone who said he worked for an investor that used this strategy for building a real estate portfolio and was wondering has any one else tried this or even have thoughts about it.What the did w...