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17 October 2024 | 20 replies
Ok, I’m sure I’ll get a lot of blowback for writing this but why is there a growing belief amongst the BiggerPockets community that wholesalers are the gatekeepers to good real estate deals and critical to your overall success?
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17 October 2024 | 12 replies
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?
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20 October 2024 | 8 replies
Your time holding the property and also not reusing that capital is another big issue that you need to look at too due to putting it back to use..
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11 October 2024 | 8 replies
I am a first time homebuyer looking to purchase a multifamily unit (duplex/3plex/4plex) in the San Antonio/ Boerne area.
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19 October 2024 | 2 replies
For example my simple spruce up would be, renno bathroom, and kitchen, paint, and redo carpet upstairs.But if i think real deep into what I could do to make it a STUNNER then I think, knock down walls, create more open/broken floor plan, add central air, possibly do an addition to add a 3rd bedroom and second bath.So when you could do ANYTHING .. how do you draw the line of what you should do?
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19 October 2024 | 2 replies
He dives into how his company helps real estate investors and homeowners with renovation ideas that really make a space stand out - whether it's through wall accents, cabinetry, or unique material suggestions.
17 October 2024 | 15 replies
Only time will tell.https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq
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17 October 2024 | 47 replies
TCPA Class Actions are a real thing.
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20 October 2024 | 7 replies
(one-time telehealth diagnoses do not count)If they cannot provide that, give them a letter saying their ESA documentation is insufficient and the animal is not allowed on your property.
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20 October 2024 | 3 replies
I was thinking I'd buy an acre of land that has city electricy and water available, and pay that off so that it can be used for collateral one house at a time.