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25 November 2024 | 12 replies
Quote from @Hamed Rahimi: With so few properties, you'll spend more time learning how to use the tools than you will save from using them.Software is a common question on BiggerPockets.
22 November 2024 | 4 replies
Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.
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25 November 2024 | 23 replies
So the difference in price between what you spend to outsource it vs what you save by doing it yourself - is it worth your time?
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25 November 2024 | 10 replies
You could spend $2,000 a month on a mortgage instead of rent.
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27 November 2024 | 10 replies
Most hard money lenders are going to require 10 -20% down payment and then require you fund bring 10 - 20% of the rehab budget depending on your experience flipping (in your name/LLC you own), property ARV, etc.
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24 November 2024 | 7 replies
if the wholesalers actually follow the law and make those disclosures and the sellers are not completely devoid of real estate knowledge those who wish to wholesale are going to spend a bunch of money only to lose the deals in the 11th hour.
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26 November 2024 | 13 replies
I think it can be profitable for seasoned real estate investors who have both the time and expertise to make sure their rehab project stays on budget, but I definitely wouldn’t recommend biting off more you can chew and doing BRRRR for your first deal.
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26 November 2024 | 11 replies
Right now interest is in the 6 figure.I spend a great deal of time on it with the contracts and accounting .
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24 November 2024 | 1 reply
If 10x20 units are budgeted for less than $130 then not an A location.
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25 November 2024 | 5 replies
Reason I ask is there are companies out there who will tell you that you can get business credit but in order to do so you need to be an operating company not an investment companySo just asking so you potentially could avoid spending good money and time chasing a ghost