David Troust
When do I include my chosen GC in the process?
Greetings BP! I'm thrilled to be posting for the first time, as I'm in the early stages of getting started developing rental properties in the Washington, DC / Frederick, MD area, and have a question about when to in...
Dan D.
Financial rules of real estate purchasing
I got into a discussion about expenses in an earlier post about the 50% rule and as many have said, history tends to run in line with it.So I took that as a rule, and backwards calculated purchase prices using the 50%...
Gaurav Bhasin
Multi-Family Improvement Question
Dear BiggerPockets members, I am currently in the process of purchasing a 12-unit Multifamily property in Killeen, TX. The current rents are $395 per unit (2/1) which comes out to $4800 a month or $57600. The expenses...
Matthew Fitzgerald
Setting up Accounting for first rental
Hey all we are closing on our first deal and I was wondering how to set up the accounting to benefit me the most.....
Some info I think may help...
We are buying out of state, so we are using a property management c...
Walter Milam
Duplex in Bakersfield CA
Hello all, I am about to close escrow next week on a 3/2, 2/1 duplex in Bakersfield CA. It is located in Oildale, a "rougher" part of town. Fortunately, it is in the north side (north of the river), which has seen som...
Sergio Montoya
First Duplex at 180k
Like the title says, I'm looking to make my first real estate investment. I have about 20k saved in personal funds and was recently pre-qualified for an FHA loan of 250K at 5% down.
I'm looking at purchasing a 180k d...
Adam Munekata
Dual VA Loan Max Out--Lessons and Considerations
Hello everyone!I posted a couple years ago about my struggles in an attempt to buy my first property. I closed on my first investment in late 2020 using a double VA loan. We bought a recently renovated duplex, and it...
Dolev Zaharony
Bank won't move forward with the HELOC
Hi all,I have 3 rental units and trying to get the 4th. We are looking to do HELOC on our main home and use that for it. My loans are in my personal name, but I recently transferred the deeds to my LLC. Since the loan...
Luka Jozic
Help with BP Rehab Estimator
I am doing research to prepare for my BRRRR endeavors and will also just about start J. Scotts books on the topic. I came across the BiggerPockets Rehab Estimator and tried to use it on a random property in Ohio. Ther...
Tyler Brady
Seller Finance - Wrap
Have a question that may be complicated... so I bought a property sub-to (current mortgage is 458k) I am going to sell the home on seller financing to a retail buyer for 699k. They will put 120k down amortized over 30...