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2 December 2024 | 34 replies
Some use them as rentals.the biggest reason for doing things this way is a traditional bank won’t loan on property that won’t appraise at their desired price.
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2 December 2024 | 2 replies
I’m making a few assumptions: 1) at least some buyers and sellers will accept much less agent handholding than commonly assumed, 2) the primary value that agents add is a) pricing guidance and b) advising clients on offers and counter-offers, and 3) there’s no truly compelling reason why North America has the highest average commissions in the rich world.
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24 November 2024 | 7 replies
If your primary has a net $1M appreciation you’ll only pay $100k cap gains tax - that’s a lower alternative than what you propose.
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5 December 2024 | 22 replies
They were snapped up quickly by primary home buyers, I would guess.
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29 November 2024 | 10 replies
Currently I have a regular primary homeowner insurance policy on the house as it was our primary home for the past year.
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3 December 2024 | 2 replies
I'm confused, are you wanting to buy an investment property in another state that you will rent out, or are you wanting a property that will be your primary residence?
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30 November 2024 | 2 replies
A little more about the situation: I bought a duplex last year as a first investment property / primary residence.
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27 November 2024 | 10 replies
It's also worth mentioning that I already have a good relationship with a wholesaler in town who knows other good contacts, and I am able to use some of these contacts as good resources for general knowledge and learning how it all works.I recently had to close my business of 9 years, and so instead of getting a W2 job or start some other "normal" business, I'd much rather prefer to have house flipping be my primary source of income.
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30 November 2024 | 16 replies
I feel so fortunate to have found BiggerPockets, as it’s been a goldmine of information and resources.Currently, I’m leaning towards the BRRRR strategy as my primary niche.
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4 December 2024 | 9 replies
However, my future plans with REI involve transitioning my primary income from nursing to REI.