24 May 2016 | 4 replies
I have multiple construction/contractor connections.From Metro Detroit area.I currently work full time, but have absolutely no problem getting out there, working nights and weekends, etc.
23 May 2016 | 4 replies
I put an offer on a property, and the listing agent asked if that was "highest and best" due to receiving multiple offers (keep in mind, this property is a complete hell hole and I doubt they received any other offers).They were asking way over the value of the place based on comps and the condition of the property (owned by a hoarder, needed to be completely gutted, new roof, etc.
24 May 2016 | 3 replies
Multiple business entities each have their own purchasing power once their credit is established and there are ways to do that.The second is protection against liability.
24 May 2016 | 4 replies
If you use partners should you use the bigger down payment that more people can provide to buy one better house or try and spread your money out and buy multiple properties.
25 May 2016 | 15 replies
After listening to a few episodes (currently on ep. 15), I decided to sign up for the site to get engaged with the experts.About me: I was born and still live in Southeast Michigan; more specifically in Oakland/Macomb County area.
26 May 2016 | 12 replies
You can try to avoid having each one ding your credit, but generally as long as you are within a couple week period multiple dings are not too bad.
31 May 2016 | 16 replies
@Rahul Dilawri Welcome to BP....you will find this very useful and helpful...With regard to your question I will agree with @Reginald Pintang and @Dhru Das.Definition of 'good area for investment' is very subjective because it can be defined based on multiple factors such as Cash Flow, ROI (for fix and flip), appreciation rate, safety/crime rate etc.Of course it largely depends on your long term goals.
30 May 2016 | 16 replies
I am considering multiple locations but I have been mostly set on the Manayunk and Roxborough area primarily.
7 June 2016 | 12 replies
Considering they all have the same term of 12-18 months, and a projected net profit of 1.5x equity multiple, (a $1MM project, with a $1.5MM ARV) which would you rather:-Debt securities, secured by the property, monthly returns, typically at a higher rate, no accrued returns or profit sharing; or,-Preferred equity, higher risk, quarterly returns at a lower current rate, with a set accrued return which brings your total returns higher than would be with debt; or,-Common equity, highest risk, quarterly returns similar to preferred equity, profit sharing upon sale or refinancing the property based on your % equity ownership.Also, any additional information you're willing to share would be great such as the type of deals you've invested in and the performance/results of those investments, especially if they influenced your decision.