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17 September 2020 | 7 replies
It depends where your net worth is... if you should BRRR.Check out my article about the Cons of BRRR.https://www.biggerpockets.com/...Note this is coming from an Accredited investors POV who used to do turnkey rentals.I personally would not do Remote BRRR as there is just a lot of risk with 1) risk of embezzlement with contractors 2) change orders and 3) bank doing bait and switch doing a lower appraisal and/or LTV on the refinance.This is especially true for high paid professional or those with a net worth of over $300,000.
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25 March 2023 | 230 replies
-trick question since we didn't specify if it payed a dividend or not, since if it doesn't pay a dividend then it doesn't provide you any cashflow.When you need to show proof of assets for qualifying as an accredited investor, what items do you list?
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27 February 2022 | 12 replies
Hello All,Can anyone recommend how to get verified as an accredited investor?
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1 October 2023 | 4 replies
Quote from @Pradeep Arumalla: hi there , I am researching next next best cities that might boom , like example: Dallas TX/Austin TX, to buy land around , rental properties etc , identify next growing cities in the next 5-10 yrs or so, please include possible reasons on why these cities might boom .This research should be ongoing on this thread for the next 6 months or so, so we can weed out noise and get to facts.Hope enough people will participate.Thanks.I would contact an Accredited Land Consultant in the Area for Any Land Advice
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17 July 2023 | 0 replies
In an attempt to raise over $20,000 for the acquisition, I had gotten in contact with an Accredited Investor who I was acquainted with for nearly 10 years.
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20 January 2020 | 4 replies
Hi Everyone,Happy new year, hope you all had an amazing celebration 🍾🎉Can anyone provide the most current requirements to be an accredited investor?
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23 September 2019 | 9 replies
I am working with my CPA on having him sign me off as an accredited investor, but am falling a bit short of the $300K income mark for a married couple, which is preventing him from signing off on it.
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19 February 2024 | 4 replies
If so, then your FICO score is irrelevant.Unlike when qualifying for "accredited" status, most lenders include the equity in your home as part of your net worth.Also worth mentioning, if your net worth is 800k, you could partner/JV with someone whose net worth is $700k and together you could get a $1.5m loan.
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6 November 2023 | 8 replies
The definition of a Guru is: "Expert in their field".The problem is that there are no standards or accreditation to the term Guru.
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20 February 2024 | 6 replies
We bought a home for $120k with the contingency that the woman who lived there could stay (divorce, but the husband wanted the kids to stay in their home/school).