Rawn Wilson
To sell or not to sell rental in surging market
Wow, the market in Houston, TX is crazy! I have a house I completely renovated as a BRRRR in 2018. ARV was 130K, and I was able to refinance and take out close to 15K more than what I had in it. Pretty successful d...
Devin Peterson
Best way to raise new capital as a sponsor
Hi,
What would be the best way to promote a new possible deal to investors if I am strictly trying to raise capital. All of the preliminary underwriting and deal checking is complete. Is there a way to approach this ...
Tommy Calkins
Turning a single family home into 3 units?
My name is Tommy I’m 22, from Chicago and brand new to real estate. My dad and I were talking about finding single-family home that we could turn into three units. So a basement big enough to put two bedrooms and a ki...
Account Closed
Loss mittigation
Anybody have any info or opinion on Loss mittigation? Are there reputable companies that actually help people? and you can make a living working with?
Dean Letfus
New round of foreclosures coming?
I was reading some marketing from a turnkey company this week talking about the huge wave of new foreclosures about to start raining down in the US. Is this true or just marketing hype? It certainly isn't what our re...
David Light
Spreadsheet Calculating Cash Flow and Net Worth Based on Purchase Timeline
This weekend a friend and I were talking about when we would be millionaires. He started using the Dave Ramsey calculator to determine how his IRA and 401k would grow. We realized real estate should be a part of the c...
Joel Florek
Purchase Agreement for an Apartment Complex
I am in the process of negotiations with the owners of a 16 unit apartment building. I was wondering how people usually write up purchase agreements, if they always use a lawyer, consult a realtor, or they do them on ...
Darcy Dawe
First Rental Property / growing portfolio
Hi all, I am currently in the process of closing on my first rental property. What are some things I should consider with this deal that will help me scale my portfolio in the next few years? Is there anything I shoul...
Nicholas Vuong
HELOC being called with decreasing home value
I have an Open HELOC that has a 5% 5yr draw and a line of 70k. I recently purchased a property that needs some renovations ~50k. I am trying to figure out what strategy to go with to finance the reno. Do I use a 18 mo...
Rick Reed
REI or Author?
It's only been a few weeks since I've serious started looking into RE investing. The BP forums are a huge source of what looks to be valuable information on the subject. Being a cynic, I was initially very skeptica...