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I am looking for an investment property and the local real estate group that I've networking with often suggest using a Hard money loan. Can someone explain to me how that really works? I've heard that they can be u...
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Background information: I am looking to grow my investments and found a small two story, 2 bedroom ~1000sq ft house in a town about an hour drive from me. They are asking $10,000 with an estimated rehab cost of $15,00...
When done well, home renovations can help you make a SERIOUS profit on your properties. Whether it’s a simple fix or a complex rehab, having a few systems and processes in place will go a long way toward ensuring your...
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When people say something like, "I got this property for 55 cents on the dollar", are they referring to how much they've purchased it for, or how much it cost them (i.e. purchase + rehab)?For example, let's say we hav...
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Hello BiggerPockets community -My name is Ryan Evans - I am a brand new investor located in Atlanta, GA. I am thinking of wholesaling to build some capital for my first investment, and I was trying to gauge thoughts o...
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View report*This link comes directly from our calculators, based on information input by the member who posted.
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I am working with a major wholesaler who does not allow inspection contingencies with their contracts. It seems my option is to bring either an inspector or general contractor to verify rehab costs. A couple of questi...
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Am I making this to complicated regarding sizing up a property? I have one lender that I can use a "cross collateral" loan, meaning using the equity in my house as equity and he will finance the entire purchase. I j...
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Hi Everyone! New to REI and BP and hoping to get some help. I found a multifamily property (6 units -- 3bd/1ba) in St. Louis and believe its a great deal at the current price. I have a few questions:
1. Does anyone...
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Hi,Property came on the market that I've been looking at. Needs rehabbing and I'm looking to buy, hold, and rent.I have a ball park on rehab and am verifying with a contractor to walk the property.Am I on the right tr...