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I am currently trying to 1031 exchange a property in NJ that should clear upwards 400-500k that I am looking to invest in multi family in the Midwest (I believe this is the best place to invest for cash flow). I hope ...
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New to the community here. Medium sized flipper here out of Minneapolis doing between 40-50 deals per year. Looking for insight into borrowing money to cover down payments and floating capital between renovation draws...
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My Fiancee have been looking for a good cash flowing property home for the past 2-3 months. We've been looking pretty religiously and haven't been able to find anything in our price range, or that produces the #'s wer...
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I think we've reached a tipping point where it's beginning to look like the economic shutdown in response to the COVID-19 pandemic is causing far more harm than the lives it (may) save. While shutting down some busin...
Hello all! I joined the BP community a few months ago but haven't formally introduced myself. My name is Shola and I currently live and work in Manhattan. I moved here 6 years to enroll in a Master's program in commer...
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How are you fellow landlords currently using today's technology to collect tenant's monthly rent? I proposed years ago to my tenant to do an electronic funds transfer from his bank to mine. But he didn't want to and...
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***UPDATE 11/19/13: Forbes heard us loud and clear - and they said they were getting overwhelmed with messages from us and we didn't need to vote anymore! So .. mission accomplished! You can ignore the rest of this...
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I am in negotiations on a condo with tenants in place. They are paying rent around $100 below market. Sellers don't want to deal with tenants or negotiate anything with them and spelled it out in the contract. My plan...
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Just got off the phone with a lender that was interviewed recently on Dave Meyers' podcast.Had some of the best terms I have come across so far for DSCR loans.BUTThey DO NOT allow you to do ANY renovations (maximum pa...
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I have been working toward a buying a house using a Realtor as my Buying Agent. Deal is supposed to close the end of this month January.Summarizing, I made it clear to MY $#@!ing Realtor that I did NOT want my deal t...