David D.
Hard Money Loan Amount Formula
As a hard money lender wannabe I'm trying to figure out what formula to use in determining loan amount.
I'm thinking: the lessor of 65% ARV or 80% of purchase price. Is this too restrictive? Should it be 65% ARV on...
Mitch Mitchell
Duplex - I'm on the fence!
Hey everyone,I am considering purchasing a duplex that is on the market in my home town. The plan is to live in the bottom and rent out the top. The upstairs unit is currently occupied. I am going to have to go FHA si...
Brian Warren
Compiling a list of best Faucets, fixtures, appliances, flooring
I am newer to multi family rentals.I have acquired 10 units in the last year and a half. I’m looking to make things as cookie cutter as possible to simplify repairs and renovations when a tenant moves out.I’m looking ...
Daniel Francoeur
How are you solving security deposits?
So much required for security deposits, it is a bit of headache for something that doesn't generate revenue.Depending on State you might need to deal with:Separate bank accountInterest PayableReturn on timeSend all in...
Joshua Dorkin
BP Update 7.2: The End of BiggerPockets Groups
As we continue our mission to improve BiggerPockets via Project Simplify, I come to you with a big announcement. Today we removed groups from BiggerPockets.
The move was a large one, but one that really had to happen...
Rob Widmark
Strategies, tips, techniques to finding cash buyers…
I'm a newbie to real estate in every sense of the word.
I live in Anchorage, Alaska. There is less than 250,000 people living in what most of you in the lower 48 would call a small town.
For Alaska, it'...
Jesus Sosa
Tax Strategy for newbie investors
BP Community, as a newbie investor in Rental Single Family properties what is something I should be starting as a foundation to my future rentals. I hear that if you wait until after a few rentals to contact a CPA and...
Jeff Regist
Replacing old carpet with Vinyl
Hi everyone.
I'd like to get some thoughts on a project I'm looking to start next week to replace the flooring w/ LVP.
I've got a quote for roughly 6k of 1152sqft-- 3.4k for the LVP and 2.3k for labor and 290 for pr...
LaCroix Rockwell
Different take on Coin-Op Machines
Hello everyone, just wanted to apprise the forum with a different setup - that I have not seen much info on - in hopes that it will better inform your decision-making process when adding/modifying on-site laundry mach...
S Anderson
Need advice on best use of rental property equity
BP-I currently own one rental that has increased in value substantially. It’s low maintenance and I have a great long term tenant. I’m now considering pulling out some of the equity (around 200k) and buying another in...