Daniel Taylor
Seeking Advice on Structuring a BRRRR Deal for a Foreclosed Property
19 July 2024 | 4 replies
I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.
Robert F.
New lease for tenants already in place at closing
16 July 2024 | 3 replies
This has allowed me to complete renovations before moving in.
Gaya Ben Simon
Seeking Advice for New Fix-and-Flip Investors in Competitive Market
19 July 2024 | 9 replies
Keep that team busy and sticking with you.The chances you find a team right NOW with your 1 house with them wanting to work with someone new is so slim.
Michael Harris
Advice for next step
18 July 2024 | 3 replies
Sell house and buy a cheaper house all cash avoid the current high interest rate.
Jonathan Bogner
First Investment Property
19 July 2024 | 1 reply
I also house hack my primary and the income is more than the PITI!
Brandon Morgan
buying foreclosed homes
15 July 2024 | 2 replies
It’s not as hard as you think and if this Amtrak attracts more people to Scranton, not only will they not want to live in an old run down house but they’ll likely have the money to rent or buy something newer.
Ian Dale Ibrado
Using Heloc to buy larger multifamily
16 July 2024 | 11 replies
I renovate when I have a turnover, and it does not disturb other tenants vs have a bunch of units down, or a bunch of tenants disturbed.
Pollyanna Gomez
Need to sell 5-Plex property in Tujuana, Mexico. But don't know where to start.
19 July 2024 | 1 reply
It has a house up front, and 4 2 bed/1 bath apartments on a back.
Thomas Richardson
Private money lending
18 July 2024 | 20 replies
Are you looking for renovation loans or rent ready properties ?
Patrick Padovano
Building investment prop, what account should I make draws from?
19 July 2024 | 6 replies
I may also need to take out a small loan/line of credit to complete the house, depending on how far my money stretches.