Trevor Richardson
Reno Multifamily Report | Q4 Recap
8 February 2024 | 0 replies
The reno multifamily report dives into sales data, rental rates and trends, and market information.
Gabriella Borukhov
Getting cold feet... please help run my numbers
11 February 2024 | 27 replies
Home price is $369,000 Rehab given is $80,000 Down payment is $44,900 Loan amount that I will owe back is $404,100 Loan is for 6 months Holding cost for full 6 months is ($3500*6) = 21,000Closing cost = 19,553ARV = 575000 (my agent said $600,000 but I am doing 575,000 to be conservation, with the way the market is going I do question if I should estimate it lower)With my math, using the full rehab loan and full 6 months with selling costs included, I estimate around a $53,000 profit.
Walker Irby
From single family to multifamily
12 February 2024 | 6 replies
Starting out, most of us (myself included) didn't know all the cool ways to buy real estate and only saw things through the traditional mortgage lenses.1.
Matthew Murray
Considering selling in Raleigh
12 February 2024 | 9 replies
Try this calculation out - Take the tax you will be deferring (Maybe $30K including depreciation recapture).
Danny M.
Question On Finding A Real Estate Agent
11 February 2024 | 10 replies
Should I seek an agent who is available early in the morning, late at night, weekends included?
John Hogg
Title error found after refinance
11 February 2024 | 9 replies
Hi biggerpockets community,I could use some advice on a situation that has come to light with my current lender.I refinanced a duplex property in 02/2021 to a new lender.I am just finding out today that during the refinance process the new lender/title company input the address incorrectly and only has one side of the duplex address included on title and not both addresses.This incorrect adress situation has caused a series of insurance billing issues that i am just realizing and the lender will not let me include corrected addresses without proper title or usps confirmation.
Account Closed
Furnished Finder? Is it worth it?
12 February 2024 | 14 replies
For me this includes subscription fee, property management fee, & background/screening fee.- Less Competition: Most places that have furnish finder rentals are not as saturated as STR that do 30+ rentals.
Peyton LaBarbera
Can you 1031 a fix and flip?
11 February 2024 | 6 replies
If you got audited and had never made any efforts to rent it and just ran late or too long to sell, perhaps you would run into problems.I wrote about this is my blog - but here is the key part below. https://www.earlwhite.law/guide-1031-exchange-new-jersey/“Dealer Property” Not AllowedProperty held for resale (often called “dealer property”) cannot be included in a 1031 exchange.
James Heiberg
Another guy just starting out
12 February 2024 | 13 replies
Take into account elements including neighborhood desirability generally, employment prospects, and population growth.
Shailesh L.
Seeking due diligence guidance for Investory opportunity with ROI of 60%+
12 February 2024 | 6 replies
A builder friend of mine can be all in a new house for about $300k, including land, and sell for $500k+, which takes him about 8 months from start to finish.20%/yr is great for a longer term hold, like Chris's debt funds or equity investments in almost any rental.