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Results (10,000+)
Dennis Powers why invest in a deal if there is no value add?
14 January 2019 | 9 replies
Basically you need investors who have a lot of cash parked in a money market and aren't sure what to do with it --- the stock market is volatile but they know their savings are losing value every month because of inflation.
Jasper Cooper Tax-advantaged Accounts for Real Estate Professionals
8 January 2019 | 10 replies
We are worried that college education funds could negatively impact our ability to obtain college financial aid, particularly if i quit/lose my job/retire prior to our kids going to college.  
Paul Stewart Tenant is dirty but Pays on time
12 January 2019 | 48 replies
I make a great Return on this rental so I would rather lose 100$ a month to a cleaning service and keep the Tenants that are otherwise great.
Anthony Torres Should we sell? What would you do?
9 January 2019 | 12 replies
I'll lose the $450 in monthly cashflow - but I can take $80k and buy a $400k property with it.
James Monaghan Average Profit Per Unit- $100 per month?
12 January 2019 | 21 replies
With lower cash flow per month a couple vacancies or one bad tenant and you can lose all the income.
Ashley Hughes Help! I keep getting outbidding. What am I doing wrong?
17 July 2019 | 7 replies
I tell all my buyers this when they lose out.
Mindy Jensen PSA: Agents BE Careful When Showing Properties to Unknown Buyers
13 January 2019 | 36 replies
They say a small caliber, short barreled one like a .38 snubby, with the front sight filed completely off is ideal... because it hurts the least when the bear jams it up your rear end!
Paul Bergagna Connecticut Among Top States People Are Moving Out Of
16 January 2019 | 3 replies
@Paul Bergagna To cut it short and sweet, yes CT has a problem but it should not be treated as the "sky is falling"The main issue, after taking a Market Analysis course in CT, is that we are losing our "good" 100k+ jobs and replacing them with 40k jobs.
Jorge Leon Jr Starting with 100k heloc flip or brrrrr
8 January 2019 | 0 replies
Hello again biggerpockets  im going to start out using a HELOC from my old man’s house he will be having around a 200k heloc pretty soon and i will flip my first home some time late january or early February using a 100k or less of that helocI have recently made an amazing encounter with a broker that is in charged of selling off a local credit unions foreclosures and i have to say even with my inexperience’s in flips there is money to be made in my local market Currently looking at a property that is foreclosed on might go for 55k or 60k bank hasnt approved a price yet took a contractor that i trust and another one i never dealt with and around a similar bids 25k-35k repairs needed1950’s home  has been updated electrical wise plumbing still not sure will get inspected and foundation is sound on slabNeeds roof redoneKitchen1 full Restroom1/2 restroomDriveway workDetached Garage work (door and cement work)Redo kitchen cielingRedo living room cielingMove electrical outletsRedo floor or overlay with laminate (ugly old tile)New paint in and out(ultimately on what i choose material wise prefabbed or custom) a recent house 3 houses down the same road was recently flipped and sold for 140k is sightly larger 1280 sqft vs 1080sqft (one im looking to buy) the realtor i deal with works for this broker as well and comps match the area for what the house sold and ultimately said if i fix n flip this property i should see minimum 125k selling price high of 145k (market is hot at the moment) Given i should over estimate the rehab 35k rehab 55k purchaseAll in at 90k Sales at minimum 125kPotential profit 35k minus holding cost expenses and commission to realtor should be arund 27.5k profit If this works out i would repeat and do more flips jn the future to build up enough cash (really want to build up 500k cash not counting HELOC) to were i can do multiple flips at a time  and keeping 1 free and clear to have a high cash flowing sfr rentals sooner then just 200$ a month per door really want to have 800$ a month cash flowing properties I know alot of people like over leveraging and using OPM’s but this is my realistic niche i can accomplish especially in the hot market im currently inI run a restaurant as my full time “job” but can definitely get out and manage my contractor and have worked with him in the past, for sure one i get the hang of flipping ill probably stick a manager in my place and go full time flipping myself if it goes smoothly (never does i know)Would this method be worth while to build up cash fastest way without leveraging and using OPM’s for now with SFR’s and flipsGo easy on me i been reading alot of books and listening to podcasts daily and get the lingo of the real estate investing world and alot of different ideas from what other people have done in the past to be successful Like episode 121 from bp real estate podcasts those guys are my age and killing in their 20’s yes all hands on but they going strong for sure(Sorry long read)
Ashton Patel Buy a home without inspecting......
9 January 2019 | 10 replies
Sometimes the deal can be so good you can't lose money.