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I am considering purchasing a quadplex in Florida that needs approximately 20K-30K in renovation to bring its rent up to the standards of the area (800/month). I can get a hard money loan for the property but i am con...
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Hi all!I've recently become a full-time investor and am new to Bigger Pockets. I've partnered with a deal provider that's been investing for over a decade and has always used his own money/credit lines. The deals I've...
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I get requests from friends to invest and manage their investment in a multi family building. My question is:1. What rate of rent do you charge as management fee for yourself, assuming you still contract with a 3rd pa...
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I talked to a potential lender at a local bank today and was asking about the process of refinancing. He is familiar with the BRRRR strategy and works with investors who use it frequently.As such, I was asking him abo...
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I'm developing a 30 acre tract of land into a residential subdivision. To connect to the municipal sewer lines, I have to go through a neighboring property. My question - if I run the sewer on the property line betw...
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Good AfternoonA friend of ours owns a note on a property which is going to foreclosure soon in the City of Alexandria, VA. We are locals an know this area to be super hot, but our friend is wondering if the Foreclosur...
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Hi everyone, I am interested in the Dallas Market for a long distance investing opportunity. I am not personally in Dallas but I have two friends currently living there and from my research so far, Dallas has a lot of...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Albuquerque.
Purchase price: $475,000
Cash invested: $118,000
multi-family buy & hold investment in Albuquerque.
...
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Say you bought a home with a conventional loan for 100k with 5% down. The ARV is 180k and originally the rehab costs were 45k but now they are 65k due to unforeseen issues. The total monthly payments are $762. I am li...
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Hello!Just a question to see if this is doable... Is it possible to refinance a hard money loan into a traditional/DSCR 30 year loan if I don't have that much equity in the property? Not a cash-out refinance, just a g...