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Property was a (1) small mobile home park...land and trailers, (1) house and (1) mobile or RV ready rental lot. Of course I would like to keep some of the proceeds but...looks like I need to reinvest the full amount...
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How do you think about these two things?1) I have identified a very experienced operator but they are projecting very high returns (31% IRR) which I feel is a red flag. 2) I have identified other operators that have o...
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Hi BP,Just bought my first rental property (3units) in Bakersfield. I'm with a major insurance company and been asked to add the PM I'm working with to the insurance policy as an additionally insured party. Ins compan...
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I have a wholesale deal I'm trying to close but the seller is asking for a 2% deposit to hold the home. I don't have the 2% to give him and I never knew that I had to give the seller that much of a deposit for him to ...
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Hey.. Im new to investing and I have a question.. I have 12k in savings and I'm wanting to get started with real estate by investing in mobile homes. My immediate goal is to generate a good extra income, long term is ...
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I have a motivated seller that is asking for a cash offer on her property, is not interested in a lease option, and it does not need repairs. What calculation do I use for that specific deal to come to an offer? It ha...
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I am a buy/hold investor and was curious what people's take is on this.
I use a broker to find MLS related deals. He is a new broker and very hungry and willing to walk me into as many doors as I want. I tr...
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So, 12 years ago we bought a small house on essentially a double lot. House was financed on a private note with seller with 10k down and 5.75%. House would not have funded thru bank because of repairs. Fast forward af...
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Advantages/disadvantages of LLc,s
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Help! We are currently under contract for our first BRRR property. We recently established our first LLC to start putting our rentals into (we currently have two other SFR) but lenders don't seem to like the idea of l...