Jake Zimmerman
Pay off mortgage or rent
My wife and I purchased a single family 3BR 2 bath home for 75,000 in the Midwest at 4.75%. We can pay it off in 2 yrs or rent out @850month. Why not pay it off? I get that we have more dumped in but to pay it off in...
Ryan Dossey
Wholesale profits = Down payments?
Those of you guys that have been at this awhile talk to me.... Is it a bad idea to use wholesale profits to pay for down payments on rental properties. Obviously one would need some cash reserves ICE. But are there an...
Zhenhua Y.
Is it good to buy a investment SFH in bay area today?
I understand we've discussed the same topic again and again. But, is it still good to buy an investment SFH in bay area (south bay, specifically) today for appreciation purpose?The reason I'm asking is because of bay ...
Account Closed
The Official Trading Thread
I thought I'd start a thread on trading. If it garners enough interest maybe we can get an off topic trading forum going. I've learned there are not many trading sites out there nearly as fun as biggerpockets.
I bec...
Jacqui Dolan
Contractor payments - do they expect some upfront payment?
I will be rehabbing my investment property (property manager will oversee) and am wondering if contractors expect some upfront payment (e.g carpet layer to buy carpet, cabinet maker for kitchens). I currently have a s...
Tom Bunton
Many questions as a new investor
As a new investor looking for land in the 50k range should I stay away from property w/no road access? Sounds like a no brainer but land is so much cheaper and hard to ignore. I am also looking for do's and don'ts of ...
David McCormick
Dispelling the myth of positive cash flow in Chapel Hill, NC
Hello all,I have a son attending the University of North Carolina at Chapel Hill and another in high school that also wants to go there, so naturally I'd like to set them up in a 2- to 4-plex off-campus. Nothing too u...
Paul Choi
Deal or no Deal? Need financing ideas
Howdy folks!So a friend of mine, who is not into REI, has sent me a couple of off-market leads through his family/friends, which is great but I'm currently low on funds to close the deals. I'm in the middle of SFH re...
Bobby Njoo
Opinion on a possible "subject to" deal. Good deal or bad deal?
Hello BP Family,I need ideas of how to approach this opportunity. Initially, I see it as a bad deal. However, I started to wonder how I can turn it into a good deal. The seller is my coworker, who has been mismanaging...
Levi Bennett
Build 36-Units at $119/sf plus soft costs.. worth it?
Here's the situation:I have the land under contract at a good price, I have a GC who is invested in the project and brings a 25 years of multi-family construction experience to the deal. I have an architect retained w...