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26 November 2024 | 12 replies
I see you’re not a long-term user of bigger Pockets.
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25 November 2024 | 4 replies
I came across Bigger Pockets a few months ago and have been learning on my own by listening to podcasts (RE Rookie, On the Market, BP RE Podcast) and reading the various recommended books every chance I get.
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27 November 2024 | 48 replies
If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.
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26 November 2024 | 17 replies
I've reached out to lenders here on Bigger Pockets- but their rates & terms seem high (DSCR or just not good terms)- I qualify for a conventional loan, but my DTI is almost maxed so why pay an extra 2-3% DSCR when I don't have too.
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25 November 2024 | 7 replies
I only say this because the question Bigger Pockets ask above is "did you work with any real estate professionals or lenders?"
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24 November 2024 | 11 replies
There was a road that led to it, but the neighbor that owned the land that the road crossed had piled up a huge pile of debris to block access.
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20 November 2024 | 31 replies
Anyone who has to pay for good reviews, deletes any critical comments and blocks those people, and can't answer any real follow-up questions when someone digs into what their word-salad comment is actually supposed to mean (like when he tried to explain how to handle a due on sale clause on here a few months back, and made up a ridiculous answer that we all called him out on because it was wrong, then he stopped commenting), is a little sketchy IMO.
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25 November 2024 | 3 replies
Walking the property before closing is definitely worth the cost to avoid bigger headaches later, especially with flipped homes where the quality of renovations can vary.
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20 November 2024 | 12 replies
Find out the date of the "switch" and make a new listing and block calendar until that date.
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23 November 2024 | 2 replies
However, profits would be bigger if there were no HOA fee and there would be more opportunity to make improvements on the property.