So, we buy right - we rehab the property - we advertise and the we get a valid contract signed. All is good, even the apprasial exceeds our selling price.. and our profit margin is strong (around 30%).
Then we get the...
I've had an accepted offer on a 4 unit in WI since Dec.
Purchase price=$160k Fully rented gross rent=$2900, repairs of $5-10k needed, earnest money=$3k
I had a local bank lined up that was willing to loan 80% on ap...
I sent out my first direct mail marketing campaign. I got two calls the first day they arrived (yesterday). I felt ready but after going through both calls I think I'm behind where I need to be. These are all OOS o...
Hey guys I just wanted to get your opinions and experiences pertaining to listing your rehabs during the holiday season. I just listed our latest rehabbed property about 11 days ago, and I've had several showings and...
I am joining forces with several investors for the purchase of an apartment building. What is the typical arrangement for distribution of cash flow, profit sharing, and sales proceeds? My template is: 8% quarterly...
I just received a cash offer for a property I am going to accept. I just accepted the offer and they are supposed to give me $1000 as a deposit. I haven't received this yet, so should I be getting this directly from t...
Hi everyone,I was just wondering if anybody here in BP have ever taken the advanced training/mentorship programs offered by Rich Dad, Legacy Education/Elite. Thank you.
Hi Y'all:I'm exploring the possibility of getting into Transactional Funding and would love to hear your experiences from both the lender and borrower perspective. I've done some preliminary due diligence (as the lend...
Hello Bigger pockets members. I have a contract issue that I could use some advice from some experienced investors or attorneys out there. Synopsis: Seller and I signed a contract on July 3rd 2018. Closing date wa...
Hi BP Tucson,I hope all is well, and that you are staying safe out there. I'm somewhat of a newbie in the REI game and the strategies I've focused on are wholesaling to find deals and network, and buy and hold. Anyway...