Jamie H.
Need objective opinions - 1st timer, great ROI prop but with risk
12 June 2018 | 2 replies
You have a great amount of cash on hand to buy multiple properties in MT than sink it into a potential money pit in Minnesota.
Nick N.
App or spreadsheet for labor and materials
26 October 2016 | 16 replies
I fell in love with the software and support, it was too much of a learning curve on my end, had one person (an architecture graduate) do two weeks to customize the whole software, then tried it with several subs, etc, after two months, reality starts to sink in, all operators were grumpy, the subs wanted to just submit the bid and be done with it, it is harder to adjust our bids to clients on the last minute.
Christopher R.
How can I solve a seller's problems if I'm using conventional mortgage?
13 September 2014 | 34 replies
Christopher and Scott -A rehab-to-perm loan is a two-part loan process that allows real estate investors to purchase and rehab investment properties that they intend to retain as rentals.The problem with purchase mortgages is three-fold. 1. mortgages take too long 2. you cannot get a mortgage on many distressed properties due to problems with foundation, roof, etc 3. you sink too much money into rentals when putting 20% down and then paying all rehab out-of-pocket without reimbursementCash is a great option, but you are limited by the amount of cash you have.
Henry L. Hill
656 Rhodes Rd. - Rehab
9 August 2022 | 2 replies
Purchase price: $135,000 Cash invested: $35,080 Sale price: $230,000 During this rehab we replaced the central a/c, created a Master Bedroom with an enclosure to the Great Room, changed all lighting fixtures, replaced all broken glass, painted full interior, fixed all issues with wiring, countertops, backsplashes, appliances, sinks, faucets, vanities, as well as floating laminate wood throughout except for the Laundry Room, Kitchen, & Bathrooms.
Jaden Adams
Dropping out of college
17 December 2019 | 210 replies
That would provide a better chance at getting a better paying job without sinking you really deep into debt.
Eddie Ziv
Appreciation VS. Cash flow - The clash of the titans....
15 June 2010 | 341 replies
This low liquidity is why most business seek protection of bankruptcy only to re-emerge later still looking healthy because they found a way to convert some of their holdings into cash to improve that liquidity position.Even a positive cash flow from several different sources will not help you if your cash outflow is greater than that inflow.If you have too much equity leveraged so that you can not gain access to it when it is needed then when the next wave comes you will sink.
Levi Dobson
South Seattle STR
28 January 2023 | 14 replies
Or building out a basic microwave-hotplate-sink wetbar so that Airbnb guests have a food prep space without having to enter the main house?
Henry Clark
Self Storage- Cargo Containers February 2023
8 January 2024 | 13 replies
Ground preparation- need a support surface otherwise they will sink into the ground.
Shireen Y.
Any advice from a California Landlord that's recently undergone an eviction?
30 March 2023 | 49 replies
Electric and water off and slowly safely start "demolition" (removing sinks and toilets fixtures) running as much noisy equipment as possible.
Elvin O'Neal II
Private lender and Investor Agreements
14 September 2022 | 5 replies
I also wrote an article recently about gap funding from relatives and what the different scenarios look like.The book can be found here: https://store.biggerpockets.com/products/lend-to-liveWhile borrowing from friends and family is typically the starting point for most people when finding private money loans, it's also the quickest way to sink relationships, if not done correctly or as a true business transaction.