Lance Truett
1st time flipper vs. slim margins
Hey out there. I was hoping to get a little insight into some basic metrics you guys use when running budgets and estimates for a flip.
Do these margins seem too tight for anyone else, or does this look like an ok de...
Benjamin Wiles
Closing Costs (50k vs 200k Properties)
Hi All, I've seen where some estimate closing costs as 3% of purchase price. I bought a $200k house and it was in this ballpark. I was looking at a $50k foreclosure, and wondering if this rule of thumb applies to home...
Tony G
cap rate clarification
When calculating cap rates, i understand in the article below, ali boone advises us to NOT add the mortgage payment. If this is true, wouldn't the cap rate be 4.5% vs 9.7%?
358 x 12 = 4296 / 94500 = 4.5% (m...
Matthew Harbeson
Investment #1: primary residence - house hacking
Investment Info:
Townhouse buy & hold investment.
Purchase price: $631,000
Cash invested: $76,500
Primary Residence - single family rowhouse purchased in April 2020. 3 bedrooms / 3 bathrooms, 17...
Matthew Harbeson
DC primary residence - house hacking
Investment Info:
Townhouse buy & hold investment.
Purchase price: $631,000
Cash invested: $76,500
Primary Residence - single family rowhouse purchased in April 2020. 3 bedrooms / 3 bathrooms, 17...
Matthew Harbeson
DC primary residence - house hacking
Investment Info:
Townhouse buy & hold investment.
Purchase price: $631,000
Cash invested: $76,500
Primary Residence - single family rowhouse purchased in April 2020. 3 bedrooms / 3 bathrooms, 17...
Earl Altheide
Buffalo NY (west side) Multi Family
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Buffalo.
Purchase price: $167,000
Cash invested: $302,000
BRRRR, Buffalo, NY
Purchased a double with good bones needing a ...
Account Closed
Anti-flip law experiences
I just found out today that my current deal which is supposed to close this Friday is subject to the FHA anti-flip law because the purchase price was less than half of the sale price to the current buyer. Last time I...
Erik Carrion
Essential Wholesale Clauses
Are there any New Yorkers out there who have any advice as to the clauses that should be included in the Purchase and Sale Contract as well as the assignment contract?
In the assignment, should the entire fee amount ...
Aastha Shrestha
1.94% property tax on Richmond, CA
Hello BiggerPockets family, My situation: I purchased a 4plex with FHA loan on Nov 2021 at 810k on Richmond, CA(Contra Costa county). County is saying that my property tax is close to 16k(1.94% of the property value)....