All Forum Posts by: Kyle Majors

Has anyone had an investor guarantee a mortgage for an investment property? If so, what financial incentive was offered compared to other investors? 

Hello BP Members,

I am in search of a general contractor licensed in the District of Columbia that has experience with home remodeling. The property I am considering is a total gut and will need an experienced contractor who has done this type of work before. Please provide me with any recommendations and your experience with the contractor if you have previously worked with them.

Thanks BP!

Hello BP Members,

I am in search of a general contractor licensed in the District of Columbia that has experience with home remodeling. The property I am considering is a total gut and will need an experienced contractor who has done this type of work before. Please provide me with any recommendations and your experience with the contractor if you have previously worked with them.

Thanks BP!

Hi BP!

I am currently playing around with the BRRR Calculator but cannot figure out where the total cash invested number is coming from as well as the total profit for every year after year 1. Screenshots below. If you understand the numbers please let me know!

Hey BiggerPockets,

I am curious to hear about some of the different ways to structure an investment opportunity for investors on a property that is being held for an indefinite amount of time. From what I have read, if the investor has an equity stake then the deal usually has a defined holding period. Is a debt investment the only way to structure this type of deal? 

Hello BiggerPockets Members,

I am very young in my real estate journey and am developing plans for my future real estate goals. Eventually I would like to have my own brokerage and property management company. What are the steps that need to be taken to start a brokerage and pm company in the Washington D.C./MD/VA area? What did you all do to get your company going? Did you outsource any business activities or decide to keep some things in house? I'd love to hear it all, including the major steps and the smaller things you did that aren't necessarily required to legally function as a company in this industry. I am all ears!

Thanks BP! 

I recently looked at some comps and they did not go into much detail about the interior condition. 

My first question is, do comps from the mls ever go into detail about the interior condition? 

Secondly, if comps do not include the interior condition of a home, then how do buyers/realtors come up with a fair purchase price. 

For example, comps could be 200k for homes with excellent interior condition. If someone was going to purchase a home in the same neighborhood but its interior needed updating/repair, they wouldn't know that the 200k comp was in great shape. In my opinion this would result in pricing the property too high. 

Additionally, if comps do not explain the interior condition then how can an accurate ARV be determined?

From what Ive read you can find a motivated seller by finding owners who are behind on their property taxes. If an investor buys a home from an owner that is behind in taxes but has not been foreclosed on then what happens? Im sure I can get a good price on the house but am I also stuck with the unpaid taxes? 

-how can you use funds from the end buyer to pay the original seller for the house if you as the wholesaler do not own it yet?

-I know you want to have a list of potential buyers in advance but do you only have the option period time to go out and lock in that buyer if you don't want to lose earnest money? If you find a buyer and make them aware of the property before you sign a purchase and sale agreement couldn't they steal the property from you ?

-how can you lock in the end buyer which allows you to get transactional funding without actually owning the house yet? Does the transactional funding company only want to see that the option period for the end buyer has passed and that their earnest money is in escrow? Isn't there still a risk that something could go wrong and the wholesaler be stuck with debt from transactional funding?

Hello Everyone,

I am thinking about starting a company that invests in multi-family homes. I would like to know if all companies that invest in real estate have to be structured as an REIT?

Thanks!