Alexander Wardell
Closed on our FIRST investment property!
10 January 2019 | 3 replies
Everything went smooth and we were able to close 12 days sooner than the original closing date which was great!
Bill B.
Sell SFR as turnkey or to future homeowner?
5 January 2019 | 0 replies
My fear chasing the homebuyer is I have to kick a solid rent paying tenant out at lease end, probably do some make ready, then live without rent while marketing and hope the sale goes smoothly.
Niko Cummings
Investing in my own business vs real estate
6 January 2019 | 2 replies
I have a connection that will allow me to smoothly transition into being a broker after 2 years (about a year after I graduate).
Linda Perera
Patio concrete repair
11 March 2019 | 3 replies
How can I fix the patio for it to be smooth?
Bobby Narinov
How I got dumped by the Company that manages my property
29 May 2019 | 52 replies
As a property manager for a few years now I can say that:1) it's incredibly rewarding and one of the best feelings is to take a problem property with problem tenants and turn them around and make them into a profitable venture (I've been doing that for a decade with foreclosures so it's much the same to do it for investors).2) I have fired clients over the years...when my office is disrupted and angry emails and calls are coming in OR when I have come to the conclusion that an owner doesn't feel we are worth the value (and in turn we don't feel they are worth the effort to calm down and constantly smooth feathers) then we respectfully part ways.
Cody Z.
Looking to connect with OOS investors in IN
23 February 2019 | 20 replies
Would love to set up a time to chat, My Brokerage, Indy Home Shop specializes in OOS Investors, from finding a property, connecting you with the best contractors in the area and making sure every step goes as smooth as possible!
Paul Stewart
Tenant is dirty but Pays on time
12 January 2019 | 48 replies
Do it now so you are prepared to grow smoothly.
Jorge Leon Jr
Starting with 100k heloc flip or brrrrr
8 January 2019 | 0 replies
Hello again biggerpockets im going to start out using a HELOC from my old man’s house he will be having around a 200k heloc pretty soon and i will flip my first home some time late january or early February using a 100k or less of that helocI have recently made an amazing encounter with a broker that is in charged of selling off a local credit unions foreclosures and i have to say even with my inexperience’s in flips there is money to be made in my local market Currently looking at a property that is foreclosed on might go for 55k or 60k bank hasnt approved a price yet took a contractor that i trust and another one i never dealt with and around a similar bids 25k-35k repairs needed1950’s home has been updated electrical wise plumbing still not sure will get inspected and foundation is sound on slabNeeds roof redoneKitchen1 full Restroom1/2 restroomDriveway workDetached Garage work (door and cement work)Redo kitchen cielingRedo living room cielingMove electrical outletsRedo floor or overlay with laminate (ugly old tile)New paint in and out(ultimately on what i choose material wise prefabbed or custom) a recent house 3 houses down the same road was recently flipped and sold for 140k is sightly larger 1280 sqft vs 1080sqft (one im looking to buy) the realtor i deal with works for this broker as well and comps match the area for what the house sold and ultimately said if i fix n flip this property i should see minimum 125k selling price high of 145k (market is hot at the moment) Given i should over estimate the rehab 35k rehab 55k purchaseAll in at 90k Sales at minimum 125kPotential profit 35k minus holding cost expenses and commission to realtor should be arund 27.5k profit If this works out i would repeat and do more flips jn the future to build up enough cash (really want to build up 500k cash not counting HELOC) to were i can do multiple flips at a time and keeping 1 free and clear to have a high cash flowing sfr rentals sooner then just 200$ a month per door really want to have 800$ a month cash flowing properties I know alot of people like over leveraging and using OPM’s but this is my realistic niche i can accomplish especially in the hot market im currently inI run a restaurant as my full time “job” but can definitely get out and manage my contractor and have worked with him in the past, for sure one i get the hang of flipping ill probably stick a manager in my place and go full time flipping myself if it goes smoothly (never does i know)Would this method be worth while to build up cash fastest way without leveraging and using OPM’s for now with SFR’s and flipsGo easy on me i been reading alot of books and listening to podcasts daily and get the lingo of the real estate investing world and alot of different ideas from what other people have done in the past to be successful Like episode 121 from bp real estate podcasts those guys are my age and killing in their 20’s yes all hands on but they going strong for sure(Sorry long read)
Matt Kelty
Starting up as a new investor... multiple small SFH vs 1 large?
11 January 2019 | 17 replies
As long as you do your numbers right and go through a pretty thorough screening process the ~$150k property should be all smooth sailing, which may very well not be the case with the cheap houses.