Diane Linette
HELP! Experience w/gutting/rebuilding rentals-is this worth it??
4 April 2018 | 0 replies
I've (voraciously) listened to BP, and how they've been able to use PM to rehab units (total of 6 units, after turning the 2 stories into duplexes), and was hoping to get a good deal.
Michael Arnold
Exterior Paint Simulation
4 April 2018 | 1 reply
I’ve attempted using a few websites and plenty are total garbage.
John Transue
My story as military active duty using VA loans (2002-2018)
20 April 2018 | 4 replies
Equity is $170K-106K (64K), 275K-215K (60K), and 205K-170K (35K) for total equity of $159K and about 36K of total investment.
Benjamin Riehle
Big Win in the Tucson Market
5 April 2018 | 3 replies
With that knowledge, I was able to confidently invest in a SFH that only needed minor repairs to become rentable, to gain immediate cash flow, as I waited for the market to appreciate.The goal was to buy and sell within one year.Breakdown: Purchase date: 6/30/2017 Listed: $60,000 Under Contract (as the Buyer): $55,000 Acquisition Price: $46,250 Renovation Cost: $1,955 Total investment: $48,205 Ten months after the purchase, we are under contract on the selling side at $65,000.
Kari D.
New driveway to add value to heloc appraisal?
4 April 2018 | 0 replies
Sq footage of concrete probably totals around 1k and my husband is able to complete the work himself, so costs would only be for dump and materials.
Nate S.
Multi-Unit Property Securing with VA home loan rules questions
9 April 2018 | 3 replies
Verification:Rental of Other Property Not Securing the VA Loan Obtain the following: documentation of cash reserves totaling at least 3 months mortgage payments (principal, interest, taxes, and insurance - PITI), and individual income tax returns, signed and dated, plus all applicable schedules for the previous 2 years, which show rental income generated by the property.
Michael P.
Buying an auction property
11 April 2018 | 8 replies
I've looked at a few properties on the auction sites and it seems like a totally annoying and frustrating process.
Conner F. Collins
Mobile home as a first investment
7 April 2018 | 1 reply
Also, moving a mobile home can be expensive ($3k) or a total loss if an older one breaks up during the move.
Fred Canzano
Self Directed IRA is hard to find!!!!!
4 May 2018 | 19 replies
That is totally fine as obviously this is entirely new to you, but you can choose to chip away on the internet and lead yourself on a long and not entirely well directed chase, or you can get to the point.
Dylan Barnard
1959: Year Built - What to Estimate for Maintenance
10 June 2019 | 5 replies
Running the BP calculators, we decided to put a total of 15% of rents aside (5% for vacancy, 5% for general maintenance, and 5% for capex) and it still came out to a 15% COCR with 25% down on a 5.5% 30 year mortgage after we put about $10k worth of work into one side of the property.