This afternoon I got my first property under contract! My wholesale intentions full disclosed! A fully rented duplex with $1350/mo in rents! Now the fun part, shopping it to my buyers!
Hi Guys! I am planning to buy a duplex using FHA loan so I can make a downpayment of 3.5%. Is it possible to keep the one unit vacant and not live in there? I just want to have the benefits of the low downpayment. (ho...
What is your definition of Commercial Real Estate? I know many on BP consider Multi Family to be commercial R.E. Others believe that it's any real estate used for "business" purposes, still others consider any propert...
Hey Everyone, I figured I would document my first turn key purchase in Kansas City, MO. I read another members similar blog and found it very helpful. I won't be naming company names unless through private message for...
Lets be honest here. I don't like the wholesaling business. At least a certain segment of that business. There is nothing productive, or creative about taking a property, turning it around and selling it as it is for ...
Perhaps this is a better topic for a blog post, and perhaps I'll do that. But - is there a bubble or isn't there? Should we keep buying, or shouldn't we?On one hand, prices are outpacing income growth. On the other ha...
So here's where I am with this.... A couple of weeks ago, a close personal friend reached out to me about an off-market property she picked up in Eagle Rock, Los Angeles. She is now on escrow using a loan to purchase...
http://money.msn.com/how-to-invest/what-it-takes-to-get-really-rich-mirhaydari.aspx?GT1=33014
Can one still get rich? What is the new definition of rich? Best way? Is it more difficult than ever before?
What is the...
Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...
Live on? If I only bring home $700 every two weeks to pay monthly debts that are more than what I earn monthly, can I afford to get my own place to stay? I have loads of debt and I know my current debts and the debts ...