I ordered a book lately on RE investing from Amazon, and the guru started out with the typical hype, selling the sizzle and not the steak. You know, the whole, imagine yourself living the dream, not having to work,...
Hi BP,
I was wondering if there are any states, cities, or areas where they are completely against wholesaling? I understand that it is looked down upon in general by some but are there any areas where it is deemed...
What do you do when you close a lease option deal in which you collect Lease Option consideration??? Legally do you have to hold it as if it was a deposit or can you use that to go find more investments and invest it?...
I have bought and flipped for quite sometime but now I want to change my strategy to purchasing and holding properties. Guess my first question is how is this possible. Most lenders now want 20 % percent down per purc...
I'm brand new to real estate investing. With my first deal I tried to hit a home run and I ended up striking out. In order to make the most from this failure I would like feedback on what I did wrong, and if my conclu...
So here’s an example Brrrr just to see if I understand how the numbers work.
House valued: $100k
DP: $20k
Loan: $80k
Rehab: $20k
ARV: $160
Refi: $160k * 75% = $120k
Cash out: $120k - $80k = $40k for next deal
...
what are you thoughts on starting affordable housing nonprofit?we would like to work in Oregon and Sonoma County, CAto provide equity in small homes, townhomes, plexesdeveloped as low cost as possible to help buyers :)
Hello BP Community,My boyfriend and I are considering a flip and would like to get feedback from this amazing community. Our backstory: we are interested in flipping so we can build up our capital reserves and then mo...
Do you need an LLC to report business expenses when filing taxes?This is a question I have had for a while, have researched and talked to a few people about it, but I can't seem to get a straight answer on. I even con...
Hi!I'm in need of some advice for dealing with two problem tenants. I recently purchased a 4-plex in Arizona and inherited 3 of the 4 tenants (2 out of 3 on Section 8). At closing, I immediately accepted a 4th tenan...