James Winchester II
1st flip, brick house with fire damage
23 January 2025 | 3 replies
Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out.
David Martoyan
Profit Through Adaptability
5 January 2025 | 4 replies
For wholesalers: How are you adapting to buyer preferences or creating irresistible deals despite tighter margins?
Collin Hays
Condo Caution in the Smokies
21 January 2025 | 5 replies
There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.
Peter H Derry
Buyer's Guide: Purchasing Property for Your College Student
23 January 2025 | 0 replies
Determine Your BudgetSet a Realistic Budget: Consider the cost of tuition, living expenses, and your financial situation.Mortgage vs.
Teslim Salami
Cash Flowing Rental Property
25 January 2025 | 8 replies
That shows real estate can be possible for anyone; in my opinion, I know everyone has unique and challenging situations, but in principle, anyone who can follow some basic budget fundamentals can save up enough for a down payment.Grateful BiggerPockets continues to bring more people into the industry!
Alex Silang
Mass deportations: will it affect rental markets?
22 January 2025 | 61 replies
That mirrors my experience too - our Hispanic contractors know exactly what the market rates are and they may be a touch below but not considerable - what you are getting these days is a faster, tighter job, not huge cost savings.
Kemi Okosun
Introduction and New Member Alert
7 January 2025 | 11 replies
Columbus is going to be more of an appreciation play and cash flow margins will be tighter in the beginning.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
Since you won't be able to recognize it as a valid rental if you're charging under market rent and you also expect to be covering any house expenses that are outside of her budget, this seems the best choice.
John Jacobs
Actual Cash Value versus Full Repair Cost
20 January 2025 | 5 replies
You can wargame scenarios to decide what you think is best.On the other hand, that is a pretty sizeable rehab budget.
Shayan Sameer
New Rental Property Purchase - Out of State
26 January 2025 | 26 replies
I can see why you want to invest out of state if that is your budget.