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Purchase price $185,000. Would offer $195K with no inspection. Using business line of credit @4.25%. Pay for a few years with line of credit then get a business loan for the remainder. $50K down from savings for do...
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I have just started the REI research process and am looking for resources specific to investors who have money to start. It seems like so much of the content is focused how to start with no/low money, starting small,...
So I found this 100+ unit apartment complex that's been abandoned for at least 4 years. County Records gave my the name of the LLC and that there's $70K past due in property taxes. When I researched the LLC I discover...
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Hi All!I am looking to close on my first deal in the next 2-3 months and could use some advice about how to continue to build my portfolio from there. Situation:*I don't qualify for a conventional mortgage because I'm...
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I'm in the process of negotiating to purchase a home that is occupied by a very elderly schizophrenic tenant who, according to the seller, has not paid rent or been on a lease in nearly ten years. What should I do to...
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Can anyone share their Economic Model for a flipping business? To clarify....if you made $1mil in revenue, and $400K in profit for the year, the 60% in expenses would be broken down by what? I'm guessing it would lo...
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Hi BP folks, I want to ask the locals about investing in Gastonia NC, where are the good area/subdivision for multi-family investments? I saw a couple deals around 28052 zip code but not sure if it's feasible to buy p...
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“What do you think sets apart successful real estate investors from those who give up, fail, or never get started?” As many of you may recognize, this is one of the final questions asked on the BiggerPockets podcast b...
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Hey everyone!
I just contacted a Real Estate lawyer that was recommended to me, but her hourly rate was $250 (and no minimum). For now, I just need someone to look over our tenant documents and make sure they're all ...
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Allow me to catch you up to speed before moving forward. My career path has been more crooked than a hunchback lawyer. I began like most; working odd jobs throughout high school. From grocery store cashier to pizza de...