These are the loans where a bank lends you (for example) $10,000, but you must establish a CD or savings account with that bank in the amount of $10,000 as collateral and you can't touch the account until the loan is ...
When I purchase my first property, would it be more logical to flip the house or rent it out? Also, which is better in the long run, flipping or renting? Pros and Cons of each?
I have never used this strategy on any properties I own, but am trying to learn as much as possible to see if it might make sense to incorporate this strategy throughout Oklahoma City. With that said I’m trying to le...
Hello BP Community,I've been working hard to find my next fix & flip property here in South Florida, just north of Miami. A saturated and expensive market. I've tried working through wholesalers, but the numbers j...
A person I know offered a 1BD Condo which is not on the market yet.Can you please help me figure out if it makes sense to purchase it for Buy & Hold. The property is in NJ.Asking Price $125KRented for $17,400 year...
When flipping bank owned properties on a larger scale than the average investors, are investors putting down EM on every house?
Hello BP,Some cities in the north New Jersey area have some burned houses. These houses in some cases can go for very low prices. I want to find contractors that can work in the NNJ area and have EXPERIENCE renovating...
Does anyone have any experience with converting a SFR into a duplex in either NJ/PA?I am trying to get a sense for what is involved in undertaking a project like this in either of these markets, and whether or not it ...
Every state is different. I know from living in multiple states, and seeing the laws change every few years, that trends dictate what type of property is worth going after. For example, are the foreclosure laws curr...
Hi guys! I’m currently beginning the rehab portion of my BRRRR deal. Just for some quick details; we purchased the deal for $180k with an expected rehab of $262k and an expected ARV between 475-550k and a monthly rent...