Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Luis Maza Real wholesalers - or hype pricing - my numbers are not adding up - dilemma
15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs,  commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?
Jonathan Greene Why You Should Stop Talking About Quitting Your Job Before You Have Your 1st Property
26 November 2024 | 46 replies
Everyone have a great Thanksgiving   Have to come back here for a long weekend and catch a baseball game
Brian Joseph OConnor Seeking DSCR lender to scale my specific long term rental strategy
19 November 2024 | 6 replies
You have to find a way to implement your game plan within the confines of either an LTR or STR DSCR underwrite assumption.
Jared Milne Finding Groups in Local Markets
14 November 2024 | 3 replies
Connecting with like-minded investors locally can be a game changer!
Yixin Huang Maintenance and repairs systems
15 November 2024 | 4 replies
Tenants will play games:1) Leave a minor home alone - no one should enter!
Ray Hernandez Becoming A Short Term Lender?
20 November 2024 | 37 replies
IMO, only worth it if you have access to enough capital to scale your efforts, though.Can't be compared.To do well in the lending game, in addition to controlling your risk and what others have mentioned, you need... 
Michael Pithium New to the game
9 November 2024 | 1 reply

Hey all!My name is Michael and I'm new to the community and real estate investing as a whole. I'm a licensed realtor in the DFW area and interested in getting into wholesaling. I was hoping to find opportunities to ne...

Kenneth Johnson Literally any advice to getting started would be appreciated.
18 November 2024 | 12 replies
Go on hikes instead of football games.
Jonathan Greene Calling Out The Welcome Trolls, The Cut and Pasters, and AI Posters
16 November 2024 | 32 replies
Quote from @Jonathan Greene: Quote from @Jonathan Klemm: Good call out @Jonathan Greene - @Moderators need to continue to step up there game, but there are obviously limitations.  
Gregory Schwartz Best place to pull lists
13 November 2024 | 4 replies
I don't know that Crexi has any information on the owners, just data on multi and apartments.Based on a Zoom call I was on last week it sounds like Crexi is stepping its game up trying to compete in the CRE world.