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Any feedback on this progressed-based payment schedule for a $450K remodel project?Should there be more specific milestones like flooring, appliances etc? Possibly withhold a little more for job completion? Maybe 15%....
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Hi all,
I have a property I'm flipping that my Contractor has decided to buy directly. I linked him with my lender and they are now coming up with a plan for the purchase.
In this particular situation, there won't ...
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I am looking at a property that has this requirement:Purchaser is responsible for providing a letter of corrections and stamped certified structural analysis from a certified engineer prior to performing any repairs o...
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Hi All,
I'm looking to buy my first property and I found one in a neighborhood I like. I plan to do house hacking. It is a 2 family with a finished basement. Ideal for me.
The only issue is structural issues; th...
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Hi BP,When using syndication to purchase an investment property, I understand that you would normally pay your LP's between 8% - 10% preferred on their investment, and then split the excess (somewhere between 50/50 - ...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $310,500
Cash invested: $140,000
Sale price: $535,000
This flip was a bit of a learning experience. We knew goi...
I have posted on this topic before, but am seeking a fresh perspective. I am considering pulling out my 401k to use as seed capital for a few new flips. What are the risks, is this wise? Would you caution someone agai...
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BP, I am in Indiana. I came a cross a homeowner who is in Chapter 13 Bankruptcy and is 1yr behind in payments which equates to $12K in arrears. Is it possible to wholesale this property while the property is included...
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Hi, I own a commercial property in New Delhi, India. The tenant which previously occupied the property has vacated it after the end of the lease term. I recently received enquiries for the property but a common questi...
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Hi everyone, I need some advice on how to structure a 12 month lease prorating rent.
The tenant begins her lease on July 15 and the total term is 12 months. She will give first and last months deposit upon signing th...