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All business and properties are in the state of New York.My partners and I are figuring out the structure of our business and need some help. We each own real estate and/or assets that have near equal market value. We...
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Here are the current numbers I have on hand:10m$ purchase price62 beds800 000$ down payment (on our side as investors)Revenue: 40 beds occupied currently, bringing in $3 000 000 a yearAfter the debt service and all co...
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Short Story: Started LLC with a partner(family member) with the intent to begin our joint real estate venture. We both have cash reserves, my partner does have more liquidity than me being a property owner for quite s...
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Hey Guys! My name is Darren! I am 23 from Philadelphia. I have been interested in real estate investing for about a year. Along with my partner. I am more of the money smarts in this and he is more so the labor. We be...
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Hi Everyone:I'm partnering with a financial investor on a rehab that we will flip. I have found the deal, will close on it and will do the entire project management on the house. He wants me to have skin in the game...
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Do I need enough cash reserves to cover any possible capital expense at the onset? For example, what if the roof goes bad (somehow) a week after buying the property? Or the water heater? Or both?
Or are there better ...
My partners and I are new to real estate investing. We're trying to figure the whole private lender, hard money lender, etc thing out. My partner met with a banker today and he suggested we take out a HELOC against ou...
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Hi everyone. I've been invested in SFRs since 2013 but am looking to get into my first multifamily deal in Houston (I'm based here) and was wondering if there are likeminded individuals in similar position looking to...
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Hello, I'm NormaJean Cupp and I am new to the site and the market place. My business partner and I have a background in abstracting and oil and gas work. We are looking to build and grow a portfolio of single family...
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Hey BP members! Question regarding buying a property in an LLC with a partner.If I purchase a buy and hold property in an LLC with a partner 50/50 split (BRRRR) and we go to get a cash out refi is there going to be re...