Jack Murphy
Railroad easement woes and factoring the risk into my analysis
Hi BP community, This is my first post! I wish it were a happier one, but I'm hoping to gain some insight into a situation that I've been dealing with for the last ~5 months. I have the opportunity to purchase a prope...
Devin McGinley
What LTV % Needed For Cash-Out?
I owe 274k on my property getting appraised in the next couple weeks, sometime. The exact same floorplan just sold for 360k down the street. I'm thinking around 350k is what mine will appraise for. With that being abo...
Account Closed
Property owner refusing to fix broken water pipes? Advice needed
So, I'm currently renting, and this weekend the water pipes froze and burst, after getting it checked out, the problem is the property owner's responsibility, and it will require digging up the yard, and thousands of...
Gabe Sirkin
Financing help! Contract 60% of CURREN market value.
I currently have two commercial property’s under contract that I’m looking to develop. I have the property's at about 50% of market value(10 comps to support this). I had development partner who was going to close in...
Bryan Staten
Starting a Real Estate Empire
So, I'm new at biggerpockets. I recently had a burning desire to own multiple rental units and I ran across biggerpockets during info searches. The tips and knowledge shared seems to be extremely helpful for someone r...
Chris Koeppel
Traditional funding seasoning timeframes to refinance a hard money Buy-an-Hold purchase?
Hi all,Situation: Evaluating a contracted $70k (ARV $120k) 3/2/2 SFR for a Buy-an-Hold rental at 1100/month, and with hard money lending at 15% (6 month term). With this temporary funding it is going to be break-even...
James Edwards
Temporary Financing Options
What is everyone using for temporary bridge financing?IE you find a great deal, but the trick is the seller wants cash and quick. Looking for some suggestions on companies/private parties to checkout.Thanks
Andrew McCann
How to properly utilize hard money loans
Made a cash offer on 2 two family homes in my local area. One needs a good amount of work and one needs just a little bit of work. I have a line of credit that i can use but will need a hard money loan since i have fu...
Brady Ascheman
GSA (General Services Administration) renting to government employees
Hi everyone,I was intrigued with the bigger pockets podcast show #968 Making $10,000/ Month PER Rental with These Guaranteed Cash flow "Contracts". In this episode it talks about rental arbitraging many units in apart...
Edgardo Pérez
Seeking Advice on Renting Out My Apartment
Hello everyone,
I hope you're all doing well! I wanted to share my situation and get some advice.
I currently own an apartment in a highly developing area in Guaynabo, PR. It’s a 3-bedroom, 2-bathroom unit that I’ve...