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I wanted to share a horrible BRRRR experience with a property in Jacksonville, FL. What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.
The Numbers...
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Let's not be coy, we overpaid for this lot, but we knew it going in this time...which is a refreshing change for us. We bought this lot as a marginal deal thinking that if all went well we'd be lucky to make $30k and,...
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Here is the property I am purchasing in Santa Fe, New Mexico:https://www.biggerpockets.com/calculators/shared/5...The asking price was 340k contingent on inspection. I have already done 1. inspection, 2 sewer scoping....
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Hello BiggerPockets! I'm getting closer to my Deal #1 seems like (closer than I've ever been)...and I'm getting a bit nervous thinking about monthly payments I'll owe to the lender. The property I'm looking at is curr...
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Hello all, this is my first post here at BiggerPockets, so I appreciate any advice and/or criticism you have to offer.My wife and I have bought and sold 2 properties for profit in the last couple years and we are curr...
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Hi officially my first post :-). Anyone know how lenders determine the income allowed from an income producing property to determine d/i ratio ? What line on the tax returns is used, and the formula ? Also looking to...
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Hello All, I might be asking an obvious question but wanted to clarify what I’ve been hearing lately and the importance of partnerships for successful syndications. From my learning through videos, p...
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Was looking at some data on cities growth by population and have a set of top 12 cities/metro area. Would love to hear from the community as to which area they would pick for rental property investment.And instead of ...
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Hi, all. I have been saving and looking for my first rental. I found one that has me excited and scared. Asking price... $5250. Yes, $5250. Maybe because its in a bad part of town or maybe because it needs some work -...
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I know similar questions have been asked before, but feel my situation may be a little different. I m trying to decide whether to pay off 300k of student loans over 3 years or stretch it out to 10. If I stretch it out...