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Results (10,000+)
Edward Suess-Hassman How to Start Out in Real Estate Investing in a High Cost of Living Area
4 December 2024 | 33 replies
Now we're seeing incredible population and job growth and major companies moving and developing here like Intel and Amazon - great macroeconomics and strong rental demand.
Nadia Daggett Investment Flooded Beach Properties in St. Pete – Insights Wanted
3 December 2024 | 0 replies
These properties offer incredible potential, but I’d love to learn from other investor experiences to better guide my clients and partners.
Olivia Kaplan Selling lots with Landtrade.com
6 December 2024 | 2 replies
Has anyone ever been approached by Landtrade.com?
Ellen Marshall Purchasing an Occupied Duplex but want to House Hack
6 December 2024 | 2 replies
Keep in mind, though, that this approach comes with higher down payment requirements and interest rates, which may not be as favorable
Jalen Greenlee Private Investor Refi or Suggestions on How to Move Forward
4 December 2024 | 2 replies
This situation has been incredibly stressful, and finding a viable path forward would mean a lot to my family.Thanks in advance for your help!
Maya S. Refinancing a NNN
7 December 2024 | 35 replies
Quote from @Chris Mason: Rather than starting with one lender and going back to the tenants, another approach would be to work with a commercial mortgage broker who will put the full credit package in front of 10 or a dozen lenders, and see what they come back with.For example, for scenarios like this, I've seen lenders come back and offer a new loan that has a maturity that's coterminous with the lease.
Todd Knudson Fix and Flip
3 December 2024 | 0 replies
Don't miss out on this incredible opportunity to own a stunning, completely remodeled home in a highly desirable location!
Jason Lowe Texas, Collin County, DFW area: Mentor/Coach/Investor needed for complicated project
4 December 2024 | 5 replies
hey @Jason Lowe your property sounds incredible and it sounds like you have some good ideas flowing.The BiggerPockets community has profoundly impacted my journey in real estate and investing!
Andrew McManamon Investing in Bitcoins
9 December 2024 | 98 replies
Someone here said don’t invest anything you can’t afford to lose and that is our approach but we are bullish on cypto currency right now.
Drew Giltner Help me analyze this deal
5 December 2024 | 4 replies
I run sum numbers for you please see comments below before refinancing and post refinancing .If I were in your position, I would approach it as follows:Initial Investment Assumptions: Market Value: $360,000 Purchase Price: $360,000 Equity: $0,000Financial Breakdown: Hard Money Loan (LTV 100%): $360,000 Interest Rate: 10% (30-Year Amortization) Monthly Payment: $1,995Upfront Costs: Origination fee (1%): $3,600 Closing Costs (3%): $10,800 Renovation Costs: $10,000 2 Month of Carrying Costs During Renovation: $5,390Total Upfront Required: $29,790Total Capital InvestmentPurchased price $360,000 Upfront Costs $29,790Total: $389,790To make this investment work, you need to rent the whole property for at least $3,165/month, refinance it let say after one year with 5% interest with a traditional mortgage.Year One Rent: Monthly Rent Income: $3,165 Monthly Rent Losses during renovations (2 Months): -$6,330 (-$527/month distributed over 12 months) Total Rent Income: $31,650 per year => $ 2,638 per monthMonthly Expenses: Hard Money Loan Payment (10% Interest): $1,995 / per month interest only Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $292 per month Assuming 0% Vacancy first year Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $2,637Monthly Net Cash Flow: $1Post-Renovation Refinancing Strategy:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate your initial investment of $29,790 plus your 360k debt into a mortgage.