So I am looking to get my start in real estate investing by flipping houses. At first I plan on using a hard money lender to finance my purchase and rehab costs. Would it be a good idea to start an llc to do the deals...
Hey guys I need some help figuring out if this Triplex opportunity is a deal or not. Purchase price: 150,000It’s located in a rapidly growing part of Houston, TX (Independence Heights) with a lot of investor activity....
My wife and I were only able to invest a little less than $10,000 in our respective Roth IRAs before our combined income disqualified us from contributing anymore. My question is this: Should we leave the money in ou...
Hi BP, Firstly I'm new to BP and to the idea of house hacking so please forgive me if this is posted in the wrong section. So I recently got divorced and my ex & I decided to remain in our current rental until the...
Hello!!I have a family member who paid cash for a house in Miami for 70k. The house is now worth about 250K.I've never owned a home before and I'm trying to figure out the best way to use the equity in the home. This ...
Hi guys! I am a newbie real estate investor still learning and would like some insight on a property I am analyzing. Some quick facts about the property:Price: 265,000No. Units: 6Price/Unit: 44,166.67Cap Rate: 9%Year ...
I’m not currently invested in real estate but I plan to dive in (I’ve been saying this for a few years now but I’m not really in a good place for investments especially what I want to invest in).But I guess I might be...
Hey everyone, so I thought I was ready to buy a house but im a little lost. Here’s my situation. Currently I am averaging about $8-$10k a month with my part time job and my business in total. I write off everything I ...
Forgive me if I am missing something simple here. But thinking about the BRRRR process. I am no longer eligible for traditional bank financing, so I am working on securing hard money for my next property. If my goal i...
Hello, I have a short term rental which has not generated positive cash flow yet and I have been managing it actively more than 100 hours this year and qualify as an active participant. I am not a licensed real estate...