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+)
Kyle Granes looking to invest so i dont have to work anymore
1 August 2018 | 10 replies
Here' how I would do it with $100K using a BRRRR Strategybuy a 4 Plex for we will say 250K / 20% down = $50K DPPut $20K into renovations, it helps if you can do some or most of the work yourself (Sweat Equity) Rent out three of the units and house hack by staying in the 4th unit so essentially you would have $0 living expenses if done properly.Get the property appraised after making the renos, we will say it gets reappraised at 325K.Refinance for 75% of the new appraised value (325K*0.75)= $243,750KPay back the original mortgage of $200K You end up spending $50K DP + $20K Renos = $70k to get the property and you'd get back $243,750K - $200K (original mortgage) tax free back plus $81,250 in equity in the home that is tax free as well since you'd be getting refinanced at 75% of the total mortgage you'd receive the remaining 25% equity in the newly appraised value of the home ($325K *0.25) = $81,250 in Equity plus $43,750 in cash. 
Alex Silang Starting a turnkey provider
31 May 2018 | 10 replies
@Alex Silang I am not claiming to be an expert but I think your best bet would be to look for a turnkey provider in a place conveniently close to you and see if they would be willing to give you a role in what they do - maybe doing something you are already good at, so they benefit, and in return you see and learn what they do.I am suggesting this because in my line of work there are many many people with academic and theoretical knowledge but they often haven't ever really applied any of it.
Jeongmin J. Sell with $500k for tax benefit?
29 May 2018 | 10 replies
Should I sell the current home and buy a new one to take advantage of the tax benefit again?
Brittany Michelle Where should I hang my license in OC?
30 May 2018 | 2 replies
Meeting, weather "mandatory" or not are for YOUR benefit as well as the brokerage. 
Ryan Breen Buying a property fully rented when looking to house hack
2 June 2018 | 7 replies
@Ryan BreenRyan, Another strategy you could try is put a contingency clause in your offer stating:"Property to be vacant upon closing date and free and clear of all personal property" Essentially, this makes your current problem become the sellers problem.
Account Closed Investing in Milan, MI
11 June 2018 | 5 replies
Washtenaw is higher taxes but more desirable, Monroe is cheaper in taxes with 90% of the same benefits as the other. 
Aaron Parsons HUD Good Neighbor Next Door
22 June 2018 | 1 reply
You are required to live in the property for three years in order to reap the benefit of the 50% mortgage.
Jerniel Diaz Buying first multi-family property with VA loan
31 May 2018 | 10 replies
In that case after 12 months you can change the VA over to a conventional loan, this leaves you clear to then take your full VA loan benefits and get another 4-plex (only if you Owner/Occupy).
Tim Joyce Buying a lake house as investment
28 June 2018 | 2 replies
Brother A gets mad because brother B keeps inviting and conveying the benefits of ownership to D and E who haven't put any money in....Or brother A wanted it to rent it enough to offset his payment but B and C want to occupy it the popular weekends...
Jared Mcgrew When to put a house in a LLC?
1 June 2018 | 3 replies
Jared,Take a look at these articles and I think you will be able to make a decision.http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-1/http://www.themoneycommando.com/umbrella-policy-vs-llc-asset-protection-part-2/ They dive into very detailed explanation as well as many risks/benefits & possible scenarios in which makes better financial sense.