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31 May 2024 | 44 replies
If it can't cover overhead expenses and make a reasonable profit, it might not even be in business long enough to finish your project.The National Association of Home Builders published a report a few years ago that stated that their "best" remodeling contractors averaged something under 4% net profit.
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29 May 2024 | 15 replies
Hi - sharing an article I wrote and published here on BiggerPockets last year on this exact topic - options for BRRRR financing - hope it helps!
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29 May 2024 | 12 replies
You can probably secure the hard money with less than a 25% down payment, and then if things go right - 0 out of pocket on the refinance, but you will still need at least some "skin in the game" regarding a little equity/down payment to start.Sharing this article published here on BP last year on this topic - hope it can help too!
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28 May 2024 | 9 replies
NHDES also has the rules published on their website.
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29 May 2024 | 21 replies
In an effort to create some credibility and attract investors, I recently published a website through Squarespace.
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28 May 2024 | 26 replies
This article published here on BP last year goes over your needs and questions pretty closely - help this helps!
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27 May 2024 | 11 replies
Yes for sure - you should definitely check out hard money loans to assist with the purchase and then "DSCR Loans" for the cash-out refinance (DSCR Loans are made particularly for investors like you - no DTI or W2 considered at all)Published an article last year on BP on this exact topic (BRRRR method financing options) hope it helps!
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26 May 2024 | 7 replies
I would also encourage you to source leads through a software like TurboTenant which will streamline the process, in conjunction with the handouts found in Brandon's book, and likely provide a better applicant pool as your listing is automatically published to multiple rental listing sites.
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26 May 2024 | 4 replies
However - DSCR Loans are "LLC friendly" so can raise that capital through a partnership/LLC format.This article published here on BP may help - sharing it here:Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?
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24 May 2024 | 1 reply
PureWest Real Estate has 19 offices across the state that all publish market trends for their regions.