Kristen James Koelliker
Both Feet In
7 June 2024 | 9 replies
I'll go ahead and warn you that house hacking is addicting and may lead to the purchase of additional properties haha.
Audrelyn Grace
HOLD & KEEP with ADU
7 June 2024 | 1 reply
Purchase price: $545,000 Cash invested: $120,000 Sale price: $545,000 This lovely home was acquired by a seller in distress who did not wish to go the traditional route of selling.
George White
1031 Exchange the Down Payment on a NNN Master Lease Option Deal
7 June 2024 | 1 reply
@George White if they are simply buying an option to purchase the property this would not work for a 1031 exchange.
Account Closed
withroam.com – "Your new home, made affordable"
8 June 2024 | 15 replies
From looking at the website’s advertised interest rate (which was 2.75%) my impression was they were just looking at the date the property was purchased and estimating a mortgage payment based on the market rate at that time, 2.87% per Fannie Mae.
Engelo Rumora
Says WHO there aren't any good deals?
7 June 2024 | 9 replies
G'Day guys,Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷♂️I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.So there's that lolJust picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)$160,000 purchase price$50,000 rehabCurrent rents are $3,000 per monthOptimized rents will be $4,000 per month.BPO before purchase $220,000 - $250,000ARV $350,000ARV with interest rates at 6% potentially $400,000+Cashflow = S#%$ load $$$Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lolYep, it was one of those.All in all, great deal and they are definitely out there.Working on another one now that will be converted into a duplex and is located in a top notch school district.Somehow picked this one up for $20,000 and needs $45,000 in rehab.ARV is $110,000 conservatively Combined rents will be $1,300pm.Ohhh yeah, almost forgot.Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.ARV all day long is $80,000.Says WHO there aren't any good deals???
Michael Elliott
Existing Lease on Land North Carolina
7 June 2024 | 1 reply
Looking at purchasing some vacant land in NC that has an existing lease on it to a 3rd party.
Greg Flannery
Fixer Upper Condo Divorce Buyout
8 June 2024 | 6 replies
My imagination is in the event of a sale, the purchasing party would see HOA Meeting Notes, Budget, Reserve Study.
Antonio Lara
Hello BiggerPockets! New PRO here
4 June 2024 | 0 replies
Outside of real estate, I enjoy working on cars and building stuff working with my hands.Excited to learn and connect with you all!
Daniel Okeefe
credit screening tenant
8 June 2024 | 4 replies
Check that the information is accurate, then try again.There are many websites where individuals can purchase fake credit reports, pay stubs, letters of hire, etc.
Alexandra Ross
Hello BiggerPockets! New PRO here
4 June 2024 | 4 replies
I'm particularly passionate about house hacking.Outside of real estate, I enjoy playing pickleball, paddleboarding, and learning about how to become financially independent.Excited to learn and connect with you all!