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This is a two part question, I'm curious to know how both buy and hold and flippers distribute their cash flow or profits to themselves.Scenario #1: Your a house flipper, you finish a project and profit $30,000. Of t...
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Hello,
I've been in and out with this website since i've started getting an interest in flipping houses. I have zero real estate experience and I was just seeking some advice. I live in Chicago and I have been very i...
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Hey All! Fist post here,I have been doing my homework on getting into my first investment property, the residential market near me hasn't gotten me too excited. I recently came across a new construction storage facili...
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I frequently offer on bank owned properties in the MLS through my agent. There is one listing agent that always says the seller responds with highest and best. I used to give highest but now I just withdraw the off...
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Hello I’m 22 I bought my primary residence back in 2021 I currently owe $122,000 the estimated value of it is now $206,000. I have $11,000 cash on hand. I’m wanting to get into real estate but I’m not sure if I can ye...
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I have about $60k equity into my personal home. I'm interested in purchasing a duplex around $30-50k. I don't have much to put down as a down payment. Would it be wiser for me to take out a home equity loan on my pers...
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Good evening all. We are Connecticut investors in the business of buying mulit-family residential properties (2-4), rehabbing and renting them or just simply flipping. I am curious, from a bank/lenders viewpoint, wha...
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Hi,I have a question. Is it possible to negotiate a mortgage rate? What is your comment on this? I was searching for this for a long while. I think the experts here can give an exact answer to this query. Also, I cam...
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Hi everyone.I'm new to BiggerPockets and have been going through the site for about 2-3 weeks now, just gathering as much information as I can about REI. I've learned a lot so far and am ambitious on keeping up the le...
My partner and I are just getting ready to start our first flip. We just started a S corporation. It sounded like it is really hard to get the name that you want because they are already taken, so we just used ou...