Hi everyone, my name is Michael I'm 14 years old and I live in westchester county in New York. I want to start some sort of llc or other corporations so I can sign contracts and invest in real estate before I'm 18, wh...
Perhaps I'm generalizing, but I see some heavy hostility towards the idea of whole-saling in the forums. Why do a lot of members seem to be so against wholesale? I've seen "unethical" and "shady" thrown around a lot...
An article recently published by Redfin highlights the current working from home trend. In a survey it's revealed that up to 1 in 4 newly remote workers expect to continue working from home after COVID 19 passes.
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Hi,I came into contact with an Atlanta rehab/investor named Andy on BP in Feb or Mar of this year (2014). He had a house for sale in Altanta that needed some major rehab work (about $15k). The house was not in a great...
Hello All,I have a one-bedroom vacation rental condo in Palm Springs that has been listed on AirBnB for about a year now. I have my first stressful problem: a vacation renter with a 44 day reservation who will NOT lea...
I have a friend that has a fair share of liquid assets and he continually makes comments that he would love to invest in my first house flip. I am now ready to move forward in this business, or close to it so how do I...
If I private lend at a 12% interest rate and 4pts up front, what do the 4pts equate to?Acquisition and refurb would be around $380-$400k total.Note: this is hypothetical.
Hi BP members. As a private lender, how do you report the profit you make for tax purpose?For example, I loan 50k and after 3 months I get back 58.5k in return (50k loan, 5 points = 2500 and 12% interest = 6000). Ho...
My business partner and I are starting our own Private Equity firm. My main question is when we start a fund, how should we determine how much capital we will want to raise for that fund? Is it based on the size of th...
Hello,
First time investor here. I'm looking at a property that I can get for about $38k that the tax assessor has valued at $64k. Very few renovations will be needed to get it into good condition. I'm hoping the ARV...