Derrick S.
Why would I ever become a HML?
I know that HML is a lose term, but I'd define it as loaning money for interest plus points once a deal has been verified. It seems like I could make a lot more as a professional JV, partnering in the profits 50/50 an...
Jason Chung
Young, naive and clueless! Starting out investor!
A little about myself: I am 18, broke, but ambitious! (that pretty much sums it up!).
I have been reading a lot of books, and currently own the following books:
- Real Estate in Canada by Don.R. Camp...
Ty Clemmons
Hard money loans
I recently flipped my first property and it was a cash purchase. I want to start flipping houses with hard money loans. I want to get tips on the steps to obtain a hard money loan.
Ingrid Nagy
Do any of you do your own repairs?
Since I mostly just look and give instructions to the Super, it was a real "turn back the clock" moment for me recently when I was trying to meet an inspection deadline-not enough manpower to get everything done. The...
Cassandra Sifford
Detroit Investing - What Neighborhoods are You Investing In?
Good day BP!!! I recently went to visit Detoit and found it to be a nice, friendly city with a lot to do. Never been before so I wasn't sure what to expect. I walked a neighborhood in zip code 48207, there were vac...
Bienes Raices
Why do you use an S-Corp for flipping?
I believe I've seen people here mention that they use an S-Corp to flip. I asked my accountant and he said there was no tax advantage to this (vs. an LLC). So I was wondering what the rationale was for the S-Corp.
Tim Ivory
Are the Hard Money Lenders You Use Local or National?
I live in Hamblen County TN with a population of 65k. I haven't found any local hard money lenders yet so I'm considering my only option may be to extend my search radius to Knoxville or Nashville (~100 miles away). P...
Dawon Irvin
Exploring the ABCs of Real Estate A Dictionary of Real Estate Terms
This post serves as a detailed reference point—a compendium of real estate knowledge that delves into the fundamental aspects of this dynamic field.
1031 Exchange: A tax-deferred exchange allowing the sale of one pro...
Barry Armstrong
Equity Build LLC feedback?
Wondering if any forum members have recent experience with Equity Build, equitybuild.com? They work mostly in Chicago, rehabbing multi unit properties and single family homes using multiple investors to provide capita...
Miguel Sinclair
Looking out for brothers money BUT...
Here's the situation and I need advice to bring to the table within the next few days. Myself, my brother and my father in-law have decided to form an LLC and flip houses. why? I have a full time job but a lot of f...