Newbie investor looking to do his first flip this year. Any pointers or advice from those who have experience with flips would be very welcomed. My biggest concern at the moment is estimating the rehab costs.
Do you guys re-fi on a BRRRR before you get a renter or after?
Thanks
I'm thinking about buying cheap foreclosure townhome(1000sqft 1bd, 1ba) I'm trying to find out the average cost of major renovation in the interior. foundation is already set but I just need to gut out and rebuild t...
Hello BP! Newbie here. I've been crunching numbers at my computer the past several minutes - tell me what you'd do in this scenario:-6 properties for sale (mix of SFRs and duplexes)-Total asking price for all 6: $104,...
Hey guys this will be my first short sale offer and the listing price is 70,000 I offered 65,000 all cash. The numbers work out to make a good profit on a flip but the house has only been listed for 3 days. My dad who...
I haven't seem to come across this topic, unless I've missed it so I'm going to post it. I'm 20 and I'm just starting out in the rehab business. I have 6 going right now. I guess I should explain a little bit of backg...
Hey there,I recently went into escrow on a property, and decided to cancel it after a few days. I thought I could find a better cashflow property around town.Now, a few days later, I regret my decision. Looking back a...
Good afternoon BP members,For those of you who flip or rehab in the DFW market how much do you guys estimate for a lipstick rehab, a moderate rehab and a full rehab? Thanks in advance!
Last year I had to sell half of a duplex. I met with my CPA, discussed the details and they estimated the taxes owed would be in the neighborhood of $10k. I just got my returns back and I ended up owning over $30k. My...
I have a house to wholesale that has this badly cracked wall and has been scaring away the first buyers. This house originally had a carport here, that a prior owner had it "bricked in" and a bedroom and laundry were ...