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Hi everyone,Just looking for some advice on how to manage finances. We are set to be closing on a deal that would put us at 23 units total spread across 3 properties that we are self managing. We will be using Cozy fo...
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I'm a new real estate investor, interest in purchasing multi-family properties and renting them for the long-term. I have Quickbooks Pro 2016 (desktop version) and I'm looking for advice on setting it up for my busine...
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Hello everyone, this is my first post on BP. I have been using the advise of this community for sometime now. Here is my situation. I just recently purchased 2 properties to fix and flip. I used the same lender on...
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HiHi,
I just checked out a property. This is a bank REO SFH. I am pre approved for the loan to buy this house. However after the purchase it will take around 20k-30k to make renovation in order to sell this house at a...
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I currently just went in business with two friends to flip homes. We working with our savings but not a whole lot, we need some insights and great deals to obtain our first property in Philadelphia. Auction is our nex...
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found a really cool piece of property with a small pond on it and know it would be great to develop it into a small subdivision. have a comparison to a Ryan's home property being developed and per arce the cost is the...
I am close to closing on my first flip. I have paid mostly cash along the way (year and a half) So I am needing to keep some cash out of the 1031 exchange. My question is if I bought the house for 10k and put 30k into...
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Hello all,
I currently have a checking and savings account with Citibank. I want to obtain a Heloc loan to have more cash to BRRRR. I have 50k in savings and would like to obtain a line of credit for 100k giving me t...
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I have recently found a Realtor specializing in HUD & VA properties in Florida with many available inventories for sale, such as non performing assets.
Does anyone have experience with flipping these properties...
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My mom and I recently attended the rich dad introductory 3 day seminar, their pitch to begin training under their ultimate elite pack is about 50k.. Has anyone here been through that program? We think we want to do it...