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...
Okay, so I was on the phone with a seller yesterday and he seemed to be a motivated seller and would like to have this house sold before the end of the year which is like a week and a half or less but I normally use w...
A few Months ago I was looking into actually purchasing this property and I didn’t have the funds to cover the purchase of the property. I began to look into a hard money sources and the Hardmoney lender Seemed to leg...
How do I find the owners of properties that I find when driving for dollars?Thanks.Mike
Hello BP,
I am sitting on some capital and am currently looking to buy my first multifamily. Depending on the price of the property I come across and deal it turns out to be (using the BP calculator) will determine...