A BP friend and I have been talking about forming a partnership by doing a fix and flip deal together and we need some guidance. Here's the rundown:
We are splitting costs 50/50, profit share is 75/25 (he ...
Last year, I stumbled upon a really solid niche investment opportunity - airline crashpads - and am on the cusp of closing a great deal BUT was turned down by my bank for the financing. This would be my 3rd deal in th...
I've decided to make my next investment a "live and flip". The plan is to buy a distressed property at the right price and use a 203K loan to fund the bulk of the rehab work. Once that work is done I'll be an owner oc...
Hello BP Community, I recently start investing in RE, I will own 9 SFH thru turnkey company's at the end of this year, I'm not sure if I'm ready to set up a LLC company for asset protection or just go with an umbrella...
I have always wondered if wholesalers hurt us buy and hold guys when dealing with banks. I am sure there are some good wholesalers our there, but the majority that I have had contact with are useless noobs or slick c...
I'm closing in on my first REI deal, and I think I found myself a doozy.Sales price $2.6m20% DP = $520kClosing Costs = ~$39kLoan Amount = $2.119mGSI = $385,095Gross Income = $365,840Expenses = $140,778NOI = $225,062CA...
Hi BP,
It has been an exciting year but also a painful one. I finally bought my first investment property and put a some funds into to create a granny flat studio. Unforeseen because mostly lack of experience and it’s...
Does any bank here do this? I’ve sat down with half a dozen+ smaller banks in Louisville and not one has indicated that they could do a 30 year am in any capacity if the property was anything other than a single famil...
Hello BP,Looking to start a conversation on investing in Tampa, FL. Would love to speak with investors/agents/homeowners to learn more about the market - i.e. types of investments, pricing, property management, econom...
I’m trying to find a condo to start short term renting in the Cape Coral / Fort Myers area but the problem I’m running into is all the condos I’ve seen have a 30-Day minimum stay requirement. Does anyone know of any c...