Hey BP Fam,I'm looking to do a cash out Refi on a 4plex that I own just outside of New Orleans. I'm considering doing a commercial loan and transferring the property into an LLC. I've been quoted 6.25% with 2 points a...
Hello BP community,
Newbie/white belt here.
I have a question regarding HELOCs. My wife and I would like to make our first rental purchase in 2023 - we have a newborn so our time right now is fully dedicated to him ...
Hi everyone!
I am looking to buy my first house and start this path into real estate investing! The house I found is located in a family neighborhood and is walking distance from schools and outdoor parks. It seems t...
One probate ends I will inherit 10 rental properties i was not involved with (2 are just land) in a small SC town and all are paid for. Since I am just starting myself, should I just group them all under one LLC (Unde...
I have two homes in Missouri that I made offers on for $63k and $77k (paying 25% down on each). Then our loan officer said the underwriters rejected them. She explained they are lower priced homes so they have a har...
Hey! I know agents can flip homes. But what are some best practices and disclosures to protect your license? I am getting into fix and flip now after 8 years in real estate sales. I still have a team and want to make ...
Hey there BP Community! I've recently started looking into flipping mobile homes. The way I see it, this business would take much less capital and risk versus a traditional Fix n' Flip. I also believe rehabbing mobile...
Hello everyone I am 18 years old, with no proof of experience in the fix and flip business. I have a credit score of 750 and 15k in cash and was wondering how likely I am to be accepted for an HML. I want to do my fi...
How much are profit margins say if I build a 4plex vs just finding a distressed 4 plex and fixing it up? I expect constructing a new one to cost more and take more time to do, but does it have more profitability than ...
Good morning BP, are you looking for your first flip? How do you know if a "deal" is actually a deal? What do you need to look for, what needs to be considered? 1) Purchase Price:
Acquiring the property at a favorabl...