Derrek J Hooyman
What are the best ways to get estimates on contractors before buying a property?
I just started using the BRRR method. I bought a side by side that needed a little work. I was not as familiar then with the idea of BRRing it. However, the bathrooms were outdated. Thus I will cash out refi after ...
Sharon Evans
Need Help Understanding HML terms...
Hi All,Please be patient and kind, as I'm new to using hard money lenders, and am a tad confused. Using hypothetical numbers, let's say I need $80k to purchase a property and $50k to rehab, totaling $130k. The ARV is ...
Jenna Columbus
[Calc Review] Help me analyze this deal
View report*This link comes directly from our calculators, based on information input by the member who posted.HELLO EVERYONE! I wanted to get your feedback on this 2 family. It looks like the exterio...
Peter Morrissey
How is Cost Basis for Depreciation Determined?
I purchased a two family foreclosure for cash in 2016, rehabbed and rented. Have not financed yet. I am about to have my taxes done and want to be prepared. For purposes of depreciating the property, how do I determin...
Darius Howell
Hot markets in Charlotte
Does anyone have any advice in wholesaling for which parts of Charlotte is hot right now to look for motivated sellers or areas that are getting flipped?
Tomiko Graves
Investor and Contractor - 50/50 Split?
Hi all! I am interested in partnering with a contractor but not sure exactly what makes sense. Here's the scenario:My agent (or the contractor) finds the deals. I fund the purchase price of the home and the contrac...
Adam Peacock
Sourcing a loan for a BRRRR Investment
Hey folks,I am stepping through a multi-family BRRR investment with 5+ units but trying to make heads or tails of the lending options that serve this specific use case. I understand the final cash-out commercial loan ...
Caleb Mclamb
MPP for a rehab
Hello BP, Currently I am reading J Scott's the book on flipping houses and I am learning allot! I am working with a local realtor and am formulating my criteria of what I am looking for with her. My question is this, ...
Shonari Wynter
Need advice: Should I get a private and mortgage loan?
I have been trying to figure the best way to go about financing a property I am looking at. The local bank I am with will give me 85% of the loan for both purchase and rehab. Therefore if the property was $150000 incl...
Jeff Garrett
GC Recommendations (Houston)
All,
Looking for GC recommendations in Houston as I’ve started to make some offers on flooded homes. Also, what are you guys seeing on rehab costs (any inflation), lead times on crews etc. Just starting to throw my h...