Joseph Breamer
First Portfolio BRRRR (Deal 1 of 4)
11 November 2020 | 7 replies
Rehab & Renting:For the most part this property only required a cosmetic rehab, but the project felt like it took much longer due to numerous little things popping up here and there.
Nick Voyer
Advice For Beginners
11 November 2020 | 27 replies
You can listen to 100 episodes of the BP podcast and consume numerous books (I've done both) - and you'll still feel hesitant to pull the trigger.
Jason Biggs
1st Home Rented Out, Purchasing 2nd Home - What's The DTI Ratio?
10 November 2020 | 1 reply
Is it 28% ($1,400 + $3,000) / ($2,700 + $13,000) [1st mortgage in numerator]Is it 21% ($3,000) / ($2,700 - $1,400 + $13,000) [1st mortgage netted against rent income]Is it 23% ($3,000) / ($13,000) [rental property income and mortgage excluded altogether]Or is it something else entirely?
Allen Stewart
Looking for Pre-Foreclosure Script
10 November 2020 | 4 replies
It is available on Kindle and provides numerous scripts and letter templates in the book.
Jim Peckey
Going through Refinance on our 1st BRRRR - closing costs review?
13 November 2020 | 17 replies
I don't know why I haven't looked into getting a VA disability rating by now, I can see there's numerous benefits for sure.
Account Closed
How Hard is Rezoning Land in Colorado Springs?
13 November 2020 | 6 replies
In Denver, you have the Blueprint Denver, a 20-year plan for growth born out of numerous meetings with community stakeholders, city planner and elected officials.
Kyle Keller
Should I go with a tankless water heater?
13 November 2020 | 13 replies
The biggest pain was not the money it was the constant resetting of the circuit boards which would fail to turn on the heater element.
Nick S.
help with understanding closing costs for sfr under contract (IL)
11 November 2020 | 3 replies
@Zack Karp really appreciate the quick but thorough response. i've submitted numerous mortgage loan applications tonight. if you're open to connecting on wednesday. shoot me a pm. i'd like to decide on a lender by end of day wed.as for the rehab, luckily my dad's a general contractor so we feel fairly confident that 35k in rehab is overbudgeting....hopefully
Aaron Bashore
Rent to Own question
18 November 2020 | 6 replies
(Let's also detail that the house was bought for $20k and the owner put $5k into the house to get heat, water, and electricity active but the home but fundamentally the home would fail any basic HUD habitability inspection)At the end of 5 years the house most likely will still be worth $60k and the tenant will have $6,000 of theoretical equity to purchase the house with the landlord knowing full well any bank will require the buyer/tenant to come out of pocket ~$30k to cover the gap in equity.I have seen these renew themselves to attempt to help appreciation catch up with the contract price and I have personally met with un-educated tenant/buyers who thought this was a good deal and are furious when they realize they put thousands of dollars down and really can never really purchase the home.I have walked numerous homes and communicated with the owner to show them what happens when a broke un-skilled tenant "fixes" the house for a few years...if it isn't actually falling apart and many times even if it does they ignore it.
Stone Cyrus
Your opinion’s on VA's and VA Companies
23 June 2022 | 1 reply
What elements or services are important to YOU when it comes to a VA company?