Is this a sound investment strategy?
Acquire a building . We get a hard money loan for 50%-60%. We then ask the seller to carry a note for the other portion. Of course we will have points and other costs. We then...
I’d like to begin looking for my second financed property, but would like to place this one in my LLC. My lender wouldn’t allow me to do so the first time around. After speaking with other lenders recently, I’m still ...
Hello! I am going to be closing on a rental at the end of the month and am considering making a few upgrades. The house is in fairly good condition and could be rented with the kitchen and bathrooms in their current c...
One of my tenates (single guy in a 2 bedroom) asked if his friend "that fell on hard times and lost his job" move in with him. I sent out an rental application form for him to fill out cause I do plan on screening him...
Hello BP family,
Here in Texas we have come across yet another magnificent property. We have built a relationship with a seller of a multifamily property with 7-9 bedrooms, in an area that is underway for vast develo...
Hi, newbie here trying to wrap my head around the basics. Would any of you flippers or wholesalers in Texas be kind enough to email me an example TREC 1-4 contract or two thats been filled out for the purpose of whole...
I am currently looking to purchase a rental property in the Germantown area of Philadelphia. These homes often have knob and tube wiring. I heard that less and less insurance companies are insuring homes with knob and...
Hi everyone, I am about to create my first (Florida) LLC. My first investment property will be a SFR and loan will be on my name only (income reason). I was told by one lender that the property has to close on my na...
Can you 1031 exchange a property owned by an LLC? Can you 1031 exchange 2 properties for 1 property. For example if I had 2 rentals and wanted to 1031 exchange them into a 10 unit property is that allowed? How long do...
I'm not sure of the proper procedures for processing (say that 3x's fast) applications. I received an app 5/30 and another today 6/3. The first applicant said she could have the hold fee 6/6. I still have to do my due...