Eli Edwards
Newbie to Fix and Flip
15 December 2024 | 4 replies
During the renovation phase, adhere strictly to the scope of work and budget, conducting regular walkthroughs to monitor progress and ensure quality.As the project nears completion, prepare for sale by staging the property to highlight its best features and create buyer appeal.
Harrison Jones
Building a Long-Term Affordable Housing Strategy
31 December 2024 | 20 replies
For example, I’m currently assisting a municipality in purchasing a 200-unit complex that cash flows, ensuring long-term stability for their housing needs.Our Program’s Unique ApproachOur organization is specifically geared toward the Native American population—a demographic that often faces significant systemic challenges.
April Smalls
Should I Refi?
18 December 2024 | 12 replies
Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.
Jennifer Fernéz
Let's say you have $80K in your savings account...
19 December 2024 | 82 replies
First time I saw that feature on here.
Jaša Rot
Arbitrage in private lending
19 December 2024 | 13 replies
Sometimes even 7 or 8% lenders are had to find for 3 or 5 years much less for 15 or 30 years. exactlybut im sure its possible because people are doing it Possible yes, but there are a lot of complexities and moving pieces - this is generally the lending business model, not a simple "arbitrage" glitch or easy scheme..
Wade Hoffman
First fix and flip
14 December 2024 | 2 replies
For a partnership where you're providing all labor and the broker is funding the deal, a fair split typically ranges from 30-50% for you and 50-70% for the broker, depending on the value and complexity of your labor versus the financial risk they're taking.
Carl Reza
Hello BiggerPockets! New PRO here
13 December 2024 | 3 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
Kay S.
Closing Costs for Seller Financing?
15 December 2024 | 6 replies
For costs, you’ll typically need to budget for title insurance (usually around 0.5%-1% of the purchase price), attorney fees (varies but can range from $500-$2,000 depending on the complexity), and closing costs (might include recording fees, escrow fees, and other admin costs—generally $500-$2,000).
Joel Oh
Focus on one platform
2 January 2025 | 50 replies
Good luck brother no, its because im in a beach market that has prime season and offseason. i have higher occupancy than anyone in 1 complex and at 95% in the other. glad you believe in yourself, you definitely have confidence in your views
Julio Gonzalez
Cost Segregation Reclassification Percentages
11 December 2024 | 2 replies
The cost segregation studies that typically yield the highest credits and deduction are for properties valued at $150,000 or more or that have lots of added features such as components to operate or high-end custom finishes.