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14 May 2021 | 3 replies
You miss 100 percent of the shots that you don't take.
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24 May 2021 | 8 replies
Hey BP fam, ok so i have come to the conclusion that i need to be taking other action steps in real estate while i'm building my credit so i have decided to give wholesaling a shot so my question being does anyone know of anybody in the Chattanooga TN area already in the wholesaling field that wouldn't mind grabbing a cup of coffee or sharing some helpful tips over email.
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15 May 2021 | 2 replies
Another property in a commercially zoned area, currently used a a SFH, was also shot down, because the property would need to be brought up to commercial codes.
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16 May 2021 | 4 replies
I purchased in the midwest, which is out of state for me, where $20k can buy you a decent property in a decent neighborhood.
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15 May 2021 | 6 replies
Larger u it’s are more rare, which might be why there can be a decent jump in rent, and also tenants tend to stay longer.
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19 May 2021 | 4 replies
hi everyone, this is my first time posting to bigger pocketsi am an airline pilot in my mid 30s and looking to create a new life for my wife and myself and our baby on the way. i have dove deep on BP and been scouring the bookstore and the podcasts and learning as much as i can about investing in real estate. we currently live in a 1b/1ba home we own, and no longer owe any debt. i bought it for $120k in 2015 with 2br/1ba, met my wife the next year, she moved in and we gutted it and rehabbed it ourselves (aside from some structural flooring stuff and the final electric and water connections) and blew the tiny bathroom out into the adjacent bedroom, making the house a 1br/1ba. we did all the framing and flooring, paint and drywall and fixtures ourselves. we plan to add an additional bedroom or two, and possibly another bathroom, in the unfinished attic at some point. i was granted a HELOC for $120,000 with my local bank after it got reappraised a month ago at $163,000. i think we spent around $25,000 on the rehab so i'm feeling pretty darn happy about the situation. obviously the covid exodus from boston and new york have pumped real estate prices but we dont really plan on selling any time soon; but possibly renting it out if i get relocated for work.i am trying to find my first investment deal, and my wife and i have narrowed down our plan to aim for a rental with cosmetic rehab and solid tenant base. we thought about house hacking. i'm not sure of where i'll be sent next with work, but i will be sent somewhere else soon. our local market (vermont) is not very landlord friendly so we are looking at long distance, self-sufficient rental as our first investment. i am leaning toward student rentals, and after searching and comparing prices and stuff we have chosen to focus on a few different college town markets in the TN, KY, WV region. i have found a property i think might fit. its a triplex with three 1br/1ba units and off street parking, split utilities, w/d in each unit, located a half block from campus. it seems in decent shape, its been on the market over 200 days, and is listed at $190,000 in a market i believe i can ask at least $750 per unit for rent, which would bring my cash flow to near $1000/mo if i used the calculator correctly.what next??
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16 May 2021 | 2 replies
Sometimes tough for non-local to get loans I would expect....but worth a shot.
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16 May 2021 | 7 replies
If you dont have money for a downpayment now sure how your going to wholesale .. wholesale takes a pretty decent budget to get going and sustain I know it sounds easy but its by far the hardest thing you can do in real estate and 90% chance your will blow what funds you have for this.
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15 May 2021 | 1 reply
I would have a PM handle the tenant screening and take a shot at doing the rest of the management myself.)Thoughts or experiences?
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16 May 2021 | 11 replies
Pre-covid, I saw many on-market properties that were good/decent fixer-uppers for owner-occupants.