Jason Lawrence
Have you used dohardmoney.com
5 September 2018 | 11 replies
I think they are legit, and they offer an incredible amount of tools.
Danna Wallace
My First BRRR! With Numbers and Photos Plus A Few Lessons!!
29 June 2018 | 1 reply
Phase 1: BRRR House 1 PurchasePurchase Price: $76,888Closing Costs: $ 4,690Total Initial Investment: $81,578Phase 2: RenovationsReno Budget: $25,000Phase 3: RefinanceAfter 1.5 years of slow renovations the house was appraised at $175,000.Existing mortgage balance before refinance $61,5000Refinance Mortgage New Amount: $105,000Cash Out In Hand: $39,700Phase 4: Purchase Another House - BRRR2Purchase Price: $120,000Down Payment: $24,000Closing Cost: $5,500Total Initial Investment: $29,500Phase 5: Rent BRRR House #1Mortgage: $657Insurance: $75Total Cost: $732Monthly Rental Income: $1,450Monthly Passive Cashflow: $718**** I was really lucky with getting $1,450 as the monthly rent, was really expecting $1,300.
David Ray
First Primary Residence Within Three Weeks
29 June 2018 | 2 replies
I sent those in and asked for letters on USDA, FHA, and verious amounts down for a conventional loan, and moved forward with the first three to get me what’s I needed.
Marc Cesar
Subject to deal structure
30 June 2018 | 1 reply
Details on the deal:Payoff amount: $75,972.42Monthly Pymt: $553.64Loan Type: FHAInterest Rate: 3.5%1.
Parker Smith
Want to sell home 4 months after buying it and breakeven
11 July 2018 | 6 replies
We could guess all day on here but no one will be able to answer that question with such a small amount of information.
Chris C.
What to do with sellers concession
29 June 2018 | 2 replies
Normally the way seller concessions work is that it’s just a dollar amount from the seller to the buyer at closing.
Maugno M.
Brrrr Vs LOC. Which is the better move?
30 June 2018 | 4 replies
Just something to think about when using a line of credit in large amounts of money.
Monica Bustamante
[Calc Review] Help me analyze this deal
2 July 2018 | 5 replies
I also agree your Vacancy amount is low.
Joseph Lucas Jr
New Member Introduction
26 November 2018 | 7 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.
Wes Blackwell
Average Cash Flow Per Door In Phoenix Metro Area
2 January 2020 | 30 replies
A yearly rent increase is written into the Lease Option so the amount I get increases each yearf.