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...
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 ...
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!!...
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...
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...
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 ...
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...
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'...
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...