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so theoretical, if I got a mortgage on a property to fix and flip, had an investor who wants in. He is willing to to give the 20% down and rehab costs. When we sell what's a fair compensation to him from profits or...
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I would just like to have a discussion on proper etiquette. I have been having a lot of issues with so called investor "professionals" lately not returning phone calls when I call to inquire on properties they have ...
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Hey group, question, I just secured 2 deals with an owner, we agreed on the prices and tomorrow he is sending me the info on where I am to send the contracts to. The only thing is, I am not sure what contract to use!!...
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I am a wholesaler in the Chicago land area and I have been very successful with wholesaling FSBO's and off market properties. I know how it works and I have my contracts in place. The Question is can someone shed some...
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Hello BP community.....I'm looking for guidance and recommendation for best practice in how to account for property equity and principle payments. Currently for tax purposes, I track all mortgage interest etc, however...
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Hello BP,
Alot of people talk about Cash Reserves but I haven't seen what that amount actually is. Is it 10k on 100k house 10% of purchase price. Is it the price to fix one huge problem? 5k for the roof so ...
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One of my biggest fears is getting ripped off by contractors, them stealing my money, rehab cost exceeding budget . However, I realized to maximize my returns I need to consider distressed properties as an out of stat...
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What is the normal contract assigning process?
Please critique and/or correct my assigning technique before I get started.
In my opinion, before I get a contract with the homeowner, I'd at least like to know that I'...
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Ive been doing property analysis daily now, just want to see if its being done right, and if you have anything to add, i would greatly appreciate it !*Each home I am using a 20% down payment structure & 50% for ex...