James Palassis
First Flip - Property Line Dispute
My partner and I are trying to get into our first fix & flip project. While we were at the property last week, a neighbor came over and said his property line runs right up next to the house. Exact words: "Right n...
Pavlos Kasselouris
Joint Venture Aggrement or SEC registration
What route do you think makes more sense to bring together private capital for flips?Would a simple JVA would suffice at this early point or SEC regulations would make this more complicated, and expensive?
Account Closed
First Deal
The property is a 3/2 main house with two 1/1 apartments out back. The apartments rent for 500 each per month and the house for 1500-1600 per month. Purchase price is 200,000. Comps 300-350,000. Main house needs roof ...
Scott Scribner
Advice on making the jump?
I would like to get into commercial apartments (say 20 unit) - but the only way to raise the cash would be to sell my residential multifamily properties. I have 4. I could likely then raise 200k.
Should I sell? Is i...
Thomas Harr
Cash Out Refinance Options
Hi,
We own a property in Columbus Ohio free and clear and want to BRRRR it (cash-out refinance). We are all in about $85k and it is worth around $120-130k. It is currently rented for $1350 a month.
We are looking t...
David Huynh
Help please!!! St. Cloud Analysis 8 unit
Hey everyone,PLEASE CHIME IN! I need help with a potential deal on the table, ANYTHING helpsI am working on a non-MLS deal for an 8-unit property in St. Cloud, Minnesota (MN). I am from the Twin Cities and lack a lot ...
Patrick Donley
new guy buying a SFR and a multi-unit...with questions...
Hi BP people:My name is Patrick Donley and I'm from Columbus, OH...apparently one of the top 25 hottest markets according to an article I read on the site last night. I just bought a SFR in a short sale for $22,500 f...
Joseph Schommer
How will global population decline affect real estate?
Hi BPrs. I ready the article below and couldn't help but to think real estate! Right now we have a sever housing shortage, but maybe population decline will help that (by the end of the century). The article also doe...
Candice Scales
New investor marketing
Hi! I am trying to get into real estate investing. I am currently listening to the book of flipping houses by J Scott. In the book where it talks about direct marketing it mentions not to put company name for return ...
Joseph Sapyta
What’s a good amount to have saved up for first rental property?
I’m trying to lay out my plan for my first property. Trying to find a duplex for around 150k more or less. For example if I do a fha loan and my down payment is around 5k, how much extra should I have saved for this ?...