I have a potential property I want to fix and flip using a hard money loan at the following terms: 4 points, 15% interest rate, LTV 70%. Purchase Price $415,000 (Acquisition + Skin in the game )ARV $550,000Rehab $50,0...
$5,000 a Month
What Will it Take to Create Such Passive Stream of Income?
So you want to be financially free you say? Ok cool. I want to be an astronaut. There is a gap between what I want and what I have. I am abou...
Hello,I plan on buying my first multifamily this summer with an FHA loan. My lender said that I need a min. 650 FICO score and that they "take the middle score". My scores are as follows:Experian FICO Score 2: 586Expe...
Hey Everyone, I found this site by accident almost, however I'm glad I found it. My husband and I moved from LA to TX a few months back and we are currently renting a house. As we were driving around town a few days a...
I just received a weird request from one of my sellers. My seller is currently receiving Medicare. I just received a call from one of my buyers who's willing to buy the house. However, my seller asked if the purcha...
Just started listening to the podcast and researching real estate investing and am curious to see what you recommend for the foundation building steps from the beginning of this journey in order to achieve $10k/ month...
Hi BP Family - My husband and I are looking into purchasing another single family home. We've always purchased turn-key properties and are now thinking of buying a true fixer-upper at a lower cost and renovating (i.e...
Hello BP,I have finally started taking big action and not trying to have the whole process figured out before moving. I have just gone under contract on my first investment property, and will be flipping it. I have ...
Ok, some private money found me (hallelujah) but it's only 25k.The person giving it to me suggests that I find the cheapest fixer upper I can to flip to a rehabber.....I just want to know if this is a good idea.....Or...
I'm a new investor living in/looking in the Cleveland market, interested in cutting my teeth on small multi-family apartment buildings (<10 units). I've been crunching numbers on some of the deals I've seen offere...