Kate Stephens
Escaping corporate slavery to real estate. Advice needed!
Hi,
I am pretty new to BP and have been binge listening to pod casts - I can't believe it took me so long to discover this great community! I am looking for advice. I have 7 rental properties, 6 in California and I ju...
Elvin O'Neal II
Private lender and Investor Agreements
Hey BP... I have been flipping and renting for some time and now I'm attracting some private money people (friends that I know) that want to fund deals. Does anyone have any standard agreements they don't mind sharin...
Peter Sinclair
East Los Angeles Multifamily
Purchased a multiunit - 3bd/1ba & 1bd/baCost: $490,000Down payment: $200,000Renovation Budget: $70,000Mortgage: $2100/month - 30 yr fixed @ 4%Expenses: $190/Month (Utilities, upkeep, and administration) Rental Inc...
Jack Bobeck
Realtor Exclusivity - Are you kidding me?
So I had a local agent, a young one that has not seen a downturn in the market, reach out to me and ask me what I was looking for in a house. I have been approved by my mortgage person for up to a certain amount, and ...
Chris Seveney
What is the biggest waste of money new investors make
Let me start and people can add:1. Deeding a property in their personal name to a LLC.Why, because you now have additional costs and are getting no asset protection since your LLC didn’t buy the property (and 99% of t...
Marlon Freeman
Replacement Reserve Funds
Good Morning BP,
I have a question about reserve amounts. When analyzing deals, what do you budget for reserves? do you withhold a flat rate amount, or do you withhold a percentage of the gross rent? Currently I am ...
Austin Davis
Correct way to evaluate a 4-plex?
I purchased my first properties off market not too long ago and pretty much made up my own way to evaluate them. Probably not the best decision as a newbie, but I think I did OK. I made a spreadsheet that subtracts ...
Kevin Lillenberg
How can I access my 457 retirement funds to invest in RE?
Hey everybody- Just got introduced to BP and have already learned a lot just from following some of your posts, thanks!I have recently retired from LAFD and would like to use my 457 deferred comp retirement funds to i...
Orlando Rodrigues
College Student New to Real Estate
I'm currently a senior in college in Massachusetts and ever since my school went online, I have pretty much been working nonstop and saving/investing as much as I can. My friends and I have recently been learning a lo...
Colby GeDeros
Career Change - Need Advice
Hey BP, I need some career advice. I am a Professional Civil Engineer with a 6 year background in the municipal/heavy civil construction industry. Although I've done design, analysis and other CE work in the past, my ...