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Results (10,000+)
Kiryl Ulanovich Step by step process for fix and flipping
20 February 2025 | 6 replies
@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.
Kyle Lam How does Refinancing Work?
20 February 2025 | 2 replies
If you are all in $200k into a property  and it is worth $350,000 after repairs, then you should be able to receive all of your initial cost on a refinance using the new appraised value. 
Stacy A Stewart Help! Any Experience with a DSCR Loan?
16 February 2025 | 4 replies
This option can allow your property to cash flow at a higher rate because the monthly payment would be cheaper than if you were to have a conventional loan; then once rates come back down you can decide to refinance on to the traditional 30 year fixed.They require much less for pre-approval and look more into the asset that you're looking to purchase than they do things like credit score.I hope this helps!
Anthony Rondinelli Rental properties affecting DTI
24 February 2025 | 27 replies
@Anthony Rondinelli..lenders have different nuances that have to be taken into account. 
Robert Bishop I am 16 trying to get into real estate and have 200k
10 January 2025 | 28 replies
But I don't know that I would jump into real estate just yet either.
Will F. LLC for flipping or Peronist name w more insurance ($800 LLC fee in CA)
3 February 2025 | 3 replies
but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips)  a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor)  in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.
Michael Eldridge Changing tax preparer
17 February 2025 | 7 replies
The prior accuntant should be able to print your return along with any depreciation schedules by going into your tax return within their tax software. 
Zach Osterhout Favorite project management software for house flipping?
10 February 2025 | 2 replies
I'm looking into Trello, Procore, and Buildertrend, but I wanted to hear from others before I dive in.
Sam Avila Sr Excited to Connect with Fellow Investors
12 February 2025 | 2 replies
@Sam Avila Sr I'm just getting back into BiggerPockets myself as I was on here four years ago.
Liz Lynn Pros and Cons of Being a RE Agent
17 February 2025 | 4 replies
I've recently moved to SC and am trying to get into REI here.