17 March 2024 | 8 replies
that would be a 60 day project and in some parts that would take over a year.
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17 March 2024 | 2 replies
Would you pay for a subscription model say $1000 a month where you got access to knowledgeable investor agent who had zero stake on if the transaction closed but provided you with local knowledge, strategies, ran comps, looked over deals, even looked over home inspection reports, talked in the phone, basically a consultant (you could possibly tack on services like writing offers or seeing a property in person) my thought is if you buy a property relatively quickly, it’s much cheaper than paying 2.5% even if you end up paying for the service for a few month’s and realize it’s not a good time for you to buy you are only out a few thousand dollars as opposed to hundreds of thousands of dollars, this would basically take the agent’s need to sell you a home out the process, presumably there motivation would be to keep you subscripted for as long as possible but you could easily just cancel and if you were interested in buying later resubscribe than.
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18 March 2024 | 35 replies
They qualify you based on credit, down payment + reserves, and the projected rental income.
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17 March 2024 | 4 replies
The other consideration for non-Dutch draws is if you came across an oh-$hit in the project that wasn’t budgeted for.
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17 March 2024 | 0 replies
I learned that I must finish projects more quickly by outsourcing more of the work and utilizing larger crews.
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17 March 2024 | 1 reply
While it's not a ban, it'll apply to pre-construction projects.
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15 March 2024 | 5 replies
Good morning BP world !
My name is Casey Nelson, I am new to all this, but I am very serious in getting started.
Bought my first house in Bonner’s ferry Idaho for 25k out 50 into it using a heloc from said house and...
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19 March 2024 | 52 replies
@PJ McLaughlinWell I know the BASICS of what HUD is responsible for - Large reason I trusted the section 8 applicant - It was created by BIGGERPOCKETS plus member, maybe he wasn’t fully educated
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17 March 2024 | 6 replies
Reason I ask is most do not realize the interest income is taxed at ordinary income rates, so if you are in a higher tax bracket, that 8% you are getting ends up being in the mid 5's, which is basically the equivalent of a CD right now but just a lot more added risk.
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17 March 2024 | 7 replies
i want to buy a another 2 family, but not house hack.. the electrical component won't come until November 2024 and then I still have to split other utilities should I wait till that project's done?