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Results (10,000+)
Andrew Lee Sell, Rent, Short-Term/Vacation?
8 January 2019 | 6 replies
-Find a market/people you want to invest with OOS.OOS would provide cash flow, debt reduction/equity build up, depreciation, etc on multiple properties and all of which would support you buying more properties. 
Dean Taylor Real Estate Investing Full-time
22 January 2019 | 17 replies
Once you build up some experience and have a list of people who you can work with, then you can consider full-time.
Andrea Cole We're FINALLY live people!
10 January 2019 | 23 replies
Setting an initial low price can be a great way to build up a lot of 5 star reviews.
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)
Curtis J De Leon New Investor looking for advice
8 January 2019 | 1 reply
It could take some time to build up reserves to pay for any large ticket item so you want to make sure you aren't caught having to borrow (if at all possible).
Matt Kelty Starting up as a new investor... multiple small SFH vs 1 large?
11 January 2019 | 17 replies
Now if you have a family friend, a close friend, or someone who just willing to help you, and will help you score 5-8 properties in Flint and get them tenanted.Get 2 places see if you like it, build up some more cash, and go more aggressive in your 2nd round of buying.
Alex T. How Long Did It Take To Acquire First Property & How?
14 September 2018 | 1 reply
I'm still trying to build up reserves for acquiring my first property, whether it's a fix and flip, or a buy-and-hold (taking the owner financing route as the lender).
David Lowe Lending Money to Brother-in-Law
17 September 2018 | 15 replies
Build up a 'business' relationship and grow from there. 
Abraham Anderson How would you price this park?
4 September 2018 | 7 replies
The current owner (a person who owns several parks that I am working with to turn this park around), paid all cash & plans to renovate/build up records over the next 6-8 months, then it'll be ready for bank financing.How would you value the above park?
Bryan Huntington What’s the most contractor bids you’ve gotten?
27 August 2018 | 2 replies
Reduce your scope and build up a relationship of trust (on both ends) with high quality candidates.Go to a lumber yard and talk to sales person and find out who they like the most (buys lot and pays on time)...