Billy Baumann
How are you actually getting paid?
Hey everyone, first time poster here. I have interest in starting my real estate journey with wholesaling, but from all the reading and watching videos I have done, I'm still confused on one little thing. I underst...
Brian H.
Help with a personal finance discussion between myself and gf.
Hey folks!Ok, so my girlfriend has, at this point, about $45k in her retirement from her job. It is a 403(b) plan from a hospital. She has multiple varieties of debt she wants to pay off to get out from under all th...
Matthew Keyes
Taking home loan from Family Trust
Hi all!Looking for pros and cons as well as any additional foresight for the following scenario:We are looking into buying property and building a new construction. While the bank has no issue loaning me more money t...
Jeremy Lee
Buyer talking about changing terms of promissory note later
Hi,My in-laws have signed a promissory note to privately loan $60k to the buyer of their restaurant over the course of 2 years at an interest rate of 5.4%. The buyer recently told my father in law that she might be in...
Eva Mackowski
solo 401k or self directed ira?
Hi Everyone,I've been reading the forums and discussions on BP regarding Solo 401k vs SDIRA's. I left my job last year, and have started a real estate investment company (LLC) and am getting ready to invest in rent...
Shane Bracewell
First duplex purchased, seeking advice on my plan going forward
BP Community,First I just wanted to say how grateful I am to have found this community. Without all of you, I would not have had the courage to build connections and pull the trigger on my first investment property. ...
Nick Sheveland
What steps to covert an Austin SFR to MFR?
Hey BP friends,I have an off market 1600-1700' SF in the Crestview 78757 area in north Austin, Tx that I would have first dibs on in Fall of 2019. SFR's in that area rents go for $1600-1900 a month in this area which ...
Brandon Hall
New Property | Existing Tenant | Late Rent
We just bought our first rental property. It's a 4 plex made up of three 2 bed/1 bath units and a studio that we plan on turning into a real 1 bed/1bath. Two of the units have been rented to the same people for 5+ y...
Michael Ford
First Potential Wholesale Deal!... possible Jackpot?
Greetings BP Community! So I received a call today from a seller. He is a landlord ready to retire for good and looking to sell 8 or 9 different properties! I followed a script and got an appointment to meet on Friday...
Yizhen Su
Flip or flip it into the trash?
Scenario: Asking Price $159990 for a property by seller, I'm prospective buyer
The Nightmare: Modular home built in 2003, currently owned by rental company renting for 50% the going rate of the area, property next do...