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5 February 2024 | 19 replies
Hi Kenny, I have found a potential private money lender to lend me 20% of purchase price for down payment.
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5 February 2024 | 4 replies
If you are not afraid of conversions, you could potentially even venture into RM1 conversions - single family home zoned RM1 - converted into a multi family residence.
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5 February 2024 | 0 replies
Here are some considerations and potential aspects associated with this unique funding approach:1.
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5 February 2024 | 2 replies
Hello everyone,I'm exploring an opportunity to convert a duplex into a quadplex and would greatly appreciate your insights or experiences in similar ventures.Background:Purchased a duplex in Roosevelt, UT for $210k, invested $20k+ in renovations.Currently valued at ~$275k with a mortgage of $197k.Planning to leverage the equity for a new project in Bear Lake, facing a housing crunch.Proposed Project:Partnering with my grandparents, who have $300k cash and a half-acre lot.Aim to build a quadplex, estimated cost: $1,000,000; ARV: $1,200,000.My contribution: $50k cash, project management, and labor (potential savings of $150-200k).Financial Breakdown:Total initial investment: $450k ($300k from grandparents, $50k from me).Required loan: $450-500k for construction.Post-construction plan: Either buy out grandparents or rent units for 2-3 years, offering them 5-8% annual return.
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5 February 2024 | 2 replies
That and the potential sloping of the yard outside sometimes needs re graded to help stop any water from getting in.
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5 February 2024 | 8 replies
BiggerPockets has helped me tremendously with respect to:- growing my local, regional and nationwide network- learning about different markets and strategies- finding potential partners and dealsI know you'll get a ton of value from BP as well!
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5 February 2024 | 20 replies
I'm slowly transitioning it to the potential I know it has (including bringing in quality tenants!)
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5 February 2024 | 5 replies
Hello,My wife and I found a home we like on www.hudhomestore.gov that seems like a good deal at face value for a potential flip or long term rental, but we have never purchased a home from them and wanted to find out the pros and cons of these types of deals.
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5 February 2024 | 2 replies
If there’s any investors, experienced wholesalers, or anyone that can help me out to potentially closing my first deal that would be great!.
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5 February 2024 | 3 replies
The potential tenants for a furnished rental also likely want all the trappings of a home, including kitchenware items.We run a few midterm furnished rentals in Denver and Colorado Springs, and they're all people who want a fully-ready home.