Danielle Campos
Just got my first house hack!
7 February 2024 | 29 replies
Use HomeDepot's flooring calculator to calculate how much flooring you'll need (it includes a 5% extra flooring buffer because you will mess up some cuts)On the mental side, whether it's a big construction project or a simple LVP flooring project, you will encounter set backs, problems etc... you're going to want to give up, take a deep breath and push on.
Jonathan Wiley
Wholesaler lied about a property situation and is keeping my non-refundable deposit
5 February 2024 | 2 replies
Looking for a little help, I have purchased several properties from wholesalers, done over 20 personal deals, and work at a wholesale brokerage in AZ where I have acquired and sold almost 100 transactions in the last few years, so I understand what a non refundable deposit means but this situation is very different than what the wholesaler presented.
Antoinette Ford
How do I know I’m getting a good deal?
5 February 2024 | 6 replies
Even if you love the deal as presented it's wroth negotiating.
Steve Ross
Initial investment - DST vs syndication
7 February 2024 | 10 replies
And in order to make those projected returns pencil-out they used very aggressive/nonconservative underwriting including very high leverage (above 65%), floating rate loans (higher projected return but increased the risk of catastrophic default if interest rates rose), financially engineered capital stacks (which increase the risk of a problem for the normal equity investors in ways that are similar to taking on more debt), very high sponsor split compsensation that financially incentivize them to push the risk-envolope etc.On the other hand, all the conservatively underwritten multi-family deals (low leverage, fixed rate loans, simple capital stacks, average sponsor split compensation) are almost universally fine.Another area having problems is in the riskiest strategies like ground-up construction (opportunistic)...because everything is more expensive than projected.
Joe Martella
Cleveland, OH Rehab and East Cleveland Zip Codes?
6 February 2024 | 15 replies
There are other eastern suburbs that are good investments including 44118, 44121, 44122 and others.
Christian Aaron Devereaux
First House Hacking Property
6 February 2024 | 3 replies
Washer and dryer included.
Alex Bush
HOA and renting by room single family. How is it even possible???
6 February 2024 | 26 replies
As far as I can tell every HOA document has something like this one form or another:The term "single family residential purposes" also shall be defined as: (1) one or more persons related by blood, marriage or adoption, which may include only parents and their dependent children, siblings, parents or grandparents; or (2) by no more than two unrelated persons living together as a single housekeeping unit and their dependent children, siblings, parents or grandparents.See Article III Section 3.1 here as an example: https://1drv.ms/b/s!
Jonathan Abrado
First Deal- Analysis Paralysis and Unsure If Good Deal
5 February 2024 | 4 replies
I was also thinking for selling financing by paying off their financial issue as part of the down payment now, throw a little extra on top as cushion, call it $100k, and then monthly payments towards the purchase price, that will also go towards her downpayment, and then another lump sum 5-6 months later to go towards the rest of her down payment, since the likelihood of her finding a place and closing in 30-60 days is low.Does anyone else have any other creative ideas on how to either present seller financing to them and not have to find a lender, or a solution outside of conventional and DSCR to acquire the property?
William Roberts
Loving Bigpockets from Florida Panhandle ( Fort Walton Beach Destin Pensacola) !
6 February 2024 | 16 replies
I do feel that I have pretty strong business skills and acumen coupled with a strong guerilla marketing basis (Build a better mousetrap and tell everyone about it...including the mice).
Lori Sullivan
IRS deduction rules around STR purchase to listing
5 February 2024 | 6 replies
I haven't done str, but furnishings might/could be included.