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19 January 2025 | 1 reply
I am new to Bigger Pockets.
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31 January 2025 | 2 replies
These are good tips!
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19 February 2025 | 8 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.
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19 February 2025 | 2 replies
@Vincent Cavalieri Happy to connect.
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22 January 2025 | 2 replies
go to those.
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21 January 2025 | 4 replies
Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).
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24 February 2025 | 20 replies
So we have to put in 2x3 fram which meant we needed to resize kithen
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15 January 2025 | 10 replies
There are plenty of deals in Philly on and off-market from wholesalers, who are pretty decent in Philly compared to other places.You will need to get your GC license here and learn the permitting process and necessity here as well.
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21 January 2025 | 2 replies
It may be worth having an experienced professional helping you and you could always try to get the seller to pay your agent’s fees.
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18 January 2025 | 36 replies
She is not going to, so she needs to leave.