Paul Strauss
Deal Analysis- What to Look Out For When You're New
This is an example of a deal I saw right here on BP, and the person that posted it should be embarrassed. Don't worry- I'm not going to name names or provide details-- but here are the numbers:
$32K asking price
$10...
Jeb Brilliant
Is 2% monthly or 24% annual return to good for hard money lending?
So I was introduced to a guy offering 2% monthly return or 24% annually for a hard money loan. Is this to good to be true?This guy comes with good recommendations and isn't a slick talker. My BS radar didn't go off wh...
Dave H.
Feedback sought for contractor estimate
Hi everyone,we just received these costs from our contractor in MI and it’s the first time we’ve gave him a chance to estimate. The house is 1000sqft. This is for a retail flip.Some of the items aren’t detailed enough...
Matthew Vanden Avond
Father is selling his business, what are his best options with the new money
Hi Gang,
My father is retiring and selling his business/property. I'm trying to think of the best ways to 1.protect the income from taxes and 2.create a good investment vehicle for his future retirement. He does ha...
Ryan Hobbs
Quiting My Job To Manage a Flip
I was recently offered to work with an investor in my area. He will find the property and I will get a hard money loan to rehab and flip. I will not have time to manage the construction,because I work the same hour...
Alexander Stafford
Hello from Houston...
Hello BP. Thanks for having me. I've lurked on and off around here and am a member on another RE forum for years. I figured it was time to join here and contribute to and learn from even more RE investors.
About m...
Obed H. Bey
What do I need to learn & how to go about Research?
I've been talking about real estate for the past couple years and really want to invest. I don't want to fall in the"analysis paralysis" category but I also don't want to go in blind. Yes, there is some fear. I have f...
Deangelo Mack
Help Me Please Vet This one
I need some help vetting this wholesale deal. Im dealing with a seller whom wants 75k for his home. The ARV is some where between 120-130. No mortgage or other liens. 1000 earnest. He already has had the home appraise...
Scott Passman
Answers to common basic REI questions I see on the forums
I thought it might be helpful to post a quick list of many of the common REI questions I see posted on here that are fairly non-specific and have similar answers across the board. While I am no expert in real estate,...
Angela Dani
Time Efficient Property Hunting
Hello BP Fam,Curious to get your thoughts on this. I have been spending a lot of time on sites like Realtor.com, zillow, redfin, MLS, etc. learning to search and scavenge for deals in the area's I'm interested to star...