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17 May 2024 | 14 replies
Luckily I stayed in the car and they let me drive away.The problem with some of these C class areas are that you're going to get high vacancy, evictions, and high turn costs with tenants damaging the property.
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16 May 2024 | 12 replies
The idea is to do 3-6month leases for traveling professionals so we can actually use the house and to offset our cost.
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15 May 2024 | 7 replies
I think you got a lot of good things going on as you are your own contractor and most likely be able to cut cost in your rehab..I believe your questions is pertaining to how it cashflows and what are some things to look for as you continue to BRRRR..
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15 May 2024 | 8 replies
Also, don't forget to properly factor in renovation costs, as unanticipated spending might throw a wrench in your plans, and consider Chandler's market feel to determine whether it's more renter-friendly or leaning toward buyers.
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15 May 2024 | 10 replies
We usually like to see the land purchased and the permits in hand before we fund the construction phase, but the amount spent on the land and other soft costs go towards the down payment.
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15 May 2024 | 3 replies
Hey guys i need you help here and i need some of your experience pls...I'm on contract of my first brrrr with hard money loanAnd i want to know thatcif i change the roof now and fixing the crowl space That will cost me to do both of the things around 20k I running the numbers and i can get the arv that i need buy my question when the aprizel coming after we finish to renovation the house with this to major fixing issues that he coulcaite with this 2 major fixing to his numbers for the arv or not ?
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15 May 2024 | 10 replies
Here are some diagrams to help you in your quest for answers on this subject:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection
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13 May 2024 | 12 replies
A lot of this goes back to the cautioning of investing in the cheapest parts of a city.
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16 May 2024 | 5 replies
I own the property in my name so in my county I can represent myself but for the cost, it is worth it to have a professional that knows what they're doing handle it, and also having someone to answer all of your questions is nice.3.)
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15 May 2024 | 11 replies
The lender will need to send an appraisal out to see what the estimated ARV (after repair value), in order to make sure that the ARV is above the cost acquired for that house + land.