Joseph Lombard
DETROIT General Contractor Needed
7 June 2024 | 4 replies
@Joseph Lombard we agree with @Travis Biziorek.Suggest you change your post title to: "DIY Investors Please Share Your Detroit Area Contractors" or something similar to appeal to fellow DIY'ers and any contractors.
Angela McDonald
Seeking BPCON details for 2024 event. tickets, hotels, passports?
7 June 2024 | 2 replies
Check out the info at biggerpockets.com/conference but feel free to email me personally if you have more questions: [email protected] SEE YOU IN CANCUN!
William Cook
How are people gathering comps?
7 June 2024 | 2 replies
Is this a platform you use personally for running comps?
Jesse Hepburn
How do you work with drug addicts?
7 June 2024 | 17 replies
Not only is there an brain addled person, but the drug issue shows their character as well.
Audrelyn Grace
HOLD & KEEP with ADU
7 June 2024 | 1 reply
Turned into a great rental, that down the road will make an excellent personal or retirement property.
Sally Fairchild
Goodbye BPCon2023 you were Great
7 June 2024 | 3 replies
If you have questions, feel free to reach out to me personally at [email protected]🌴 See you in Mexico!
Avrohom Green
I have $20,000 in cash is there any way to get into the market?
7 June 2024 | 19 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
John Smith
Best Way to Pull Equity Out of Cash Deal - Cash Out Refi, Delayed Finance, DSCR, etc?
5 June 2024 | 2 replies
There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?
Greg Flannery
Fixer Upper Condo Divorce Buyout
8 June 2024 | 6 replies
Each person can provide a recommendation for the appraiser and the other party agreeIf you cannot agree on an appraiser then you sure as you know what will never come to an agreement on the price.Another option is to list it and you have ROFR