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27 September 2024 | 8 replies
@Haemi Jung A 1031 exchange is not a bad option if you have a gain on the property.
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27 September 2024 | 4 replies
Hi @Haemi Jung - What's your draw to Champaign as opposed to your current market?
26 August 2024 | 16 replies
Quote from @Jaden Jung: Hi BP Community,I work full-time and am interested in some of these turnkey solutions I see online that almost seem like one-stop-shop and hassle-free.
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26 August 2024 | 3 replies
@Edward Jung the VA loan requires 6 months of PITI reserves for the purchase a 2-4 unit property.
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21 August 2024 | 3 replies
Quote from @Jung-Jin Shim: I've been searching for rental properties in Columbus for months, but I've noticed that it's extremely difficult to find a property that's profitable with high interest rates and already significantly increased property prices.
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12 August 2024 | 13 replies
You can run furring strips through the existing roof to the trusses and put the metal down on top.
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5 August 2024 | 21 replies
Hi Kevin,I'm a big fan of buying with cash and my thought process is quite contrary to everyone else's.Cash is KingCashflow is QueenLeverage can be a peasant lolOne can retire investing in Toledo with $1m in cash.Off-course, this all depends on how many villages you need to feed 🤓I have too many "villagers" on my back so it's a bit of a different story for me.Sub $100,000 markets like Toledo require volume to work and to be worth the risk if you are looking to buy and hold.Not much growth potential long term so I would consider it a strict cashflow play.Start slow and small and you can always scale up once you learn the market.Or call it quits and exit if you decide it's not for you.IMO, leverage should only be used to scale a portfolio and only after you have immersed yourself enough in a specific market.And only once you have decided that you want to stick around in that specific market and invest in it long term.Over the years, I've witnessed many folks use leverage and attempt BRRRR out of state only to fall short and say "the market sucks and it doesn't work".Nothing works unless you make it work and a market like Toledo can work better than any other market I know from a cashflow perspective.I've been investing since 2014 and flipped hundreds along with currently managing 400 SFH.Only this year have I started buying small multifamily properties.It's an adjustment and a different animal but let's just say it's in the same breed of animal lolImmerse yourself in a specific market and become an "expert" on the numbers in that market.Find off market deals, negotiate hard, buy with cash and buy quickly.You make money when you buy and not when you sell so you must buy cheap.There are many ways to skin a cat mate and this is how I get my fur lolWishing you much success
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27 July 2024 | 14 replies
You do not need to deep clean the house because some people are allergic to rabbit fur.
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22 July 2024 | 2 replies
Quote from @Jinyook Jung: Hi Bigger Pocket community, I have questions,I've been able to get a lot of contracts locked in Texas as wholesaler.
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15 June 2024 | 8 replies
Bathrooms, toilet rooms, and laundry rooms shall have a ceiling height of not less than 6'-8" above the finished floor"Additionally, in th following paragraph 1207.2.1; it also notes an exception for similar residential conditions which allows "Furred Ceilings" (Ductwork, Structural Beams, etc) to be permitted as low as 6'-4".In Short; the Diagram you posted indicates the correct conditions that would apply to your residential basement.