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Wondering if there are any conventional products that allow 5% down on a 2-unit? I thought there were but it seems like 10-20% is more like it. An FHA won’t work in this scenario because the home is over the $470K lim...
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I found a home today located near (.5 mile) a large university in Atlanta which is 3bed 2 bath. It was recently purchased with cash by a non- local investor for 50k according to zillow and he has put it back on the...
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Aloha all,I am in an interesting situation and really want to move towards my dream of renovating/flipping homes.I am currently a project engineer for a GC. I was recently (2 months ago) relocated to Maui, bought a co...
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Hello all, I have been trying to secure a buy and rehab rental property for a couple of weeks now, it has been difficult as I am using conventional loan. We have been outbid by cash buyers. I’m trying to find cash,I’v...
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I have done some calculating and with my curcumstances. I should be able to have $30,000 of hard cash. I can possibly finance for more but would rather have two other investors to go in on this deal with me with equal...
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Hello again BiggerPockets! Just wanted to share the results and specific details of our second successful BRRRR investment in Memphis, TN. Little background here....
My brother and I are real estate investors from th...
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Hello everyone one on BP,I'm new on this forum and this is actually my first post here. I'm an accountant and work 8 to 5 schedule Monday to Friday and live in Cleveland ohio area. I felt like I'm missing being part o...
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Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?
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I found a potential fix and flip property in my local market. It needs minor updates to bring to its full potential such as a new bathroom, new kitchen, fresh coat of paint, new windows, new doors. Fully rehabbed comp...
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Hello awesome BPsI am about to put an offer on a property after a long period of search. Numbers look good and and I might have to put a bit lower than the asking price, otherwise numbers don't work.I have got the pre...