So, I find a property out in Jacksonville, Florida that I would like to buy and flip. This property is in very bad shape and would need a contractor or a very skilled rehabber to get this thing repaired and resold. Th...
I feel like I have an image in my head of what a rental is and I feel that is affecting my search for an investment property. I toured a foreclosed property in my area that is a 3 bed 2 bath, large, open concept house...
I found a quadplex for $300,000. Rent is $3080, so it meets the 1% rule. I would put 20% down for 30 years, so it would cash flow about $288/mo by the 50% rule (less than the ideal $100/door). But it was built in 1998...
I know a lot of you veteran investors have been doing it for a while but just want your 2cents on making an offer without actually walking though the property first. The background to my question come from the fact th...
Hi Biggerpockets! I need a little help or guidance. I feel like many of the properties in my area are overpriced. I'm looking to purchase SFR properties in Charlotte, NC and the surrounding area (concord/kannapolis)...
I’ve read countless times that residential lenders will only loan on properties in good conditions. How do investors get loans on value add deals? Are commercial loans more lenient?
I have been addicted to this site for quite some time now. I've always been a reader my entire life but never much of a writer. As part of my New Years plan, I wanted to get more involved and actually give back to Big...
I was curious if anyone has completed a conventional mortgage under the "delayed financing" rule that came out last year, and if so, with what bank or lender?
This rule allows you to do a cash out refinance inside 6 ...
The SCARLETT Method
I’ll start off this essay with a quick disclaimer, I in no way, created the idea of renting out homes by the room. All I did was formulate an acronym and implemented a few practices to keep...
I am working with an investor who wants to buy multiple properties. He is not quite a big enough player to buy a large portfolio; even if he did I would not have the contacts to get it done.
However, he was askin...