Shawn Thom
Buyer's bank asking for my purchase price plus rehab costs
Wife just got a call that buyer's bank is asking about purchase price of the our first flip set to close on 3/8. they wanted to know the purchase price and rehab costs.
anyone know why they would need it. I want to...
Scout Askren
Analyzing deals, 1 percent rule and 50% no longer relevant?
Hello everyone I am looking to purchase my first rental property and I have analyzed many deals. What rules are you guys using to measure if the deal is a winner or not? I have been trying to use 1% rule and 50% rule,...
Chase Gruening
Negotiations and Cap Ex
I am getting close to getting a contract on my second multifamily deal. I am having trouble estimating a accurate cap ex and we are about 20k apart on 330k counter offer. The deal involves 3 separate duplexes (6 total...
Kyler J Sloan
Passive Losses for STR's
Is there any way that STR rental income can be considered "active" from a tax standpoint? I spent a lot of my time working on renovations myself, and manage it myself, but I have not manually tracked the time investe...
Chase Kimbrell
30 year loan forced to become 25 year loan
Just got a call from my realtor who was told by my lender (who tried to call but I was unavailable at the time) that the VA Loan Appraiser for my house said that the roof wouldn’t last for more than 25 years, and that...
Dena Zeid
Whats a good offer price?
Looking into my first potential flip in ny. I'm new and want to make sure I don't offer too high a price. Here's the financials:Selling price: 280,000ARV= 380,000Rehab costs= 40,000Offer would be all cash. What's ...
Jean Santiago
Please help me analyze this TurnKey
https://www.biggerpockets.com/...I have been using the rental calculator, and hopefully i'm putting in the data correctly and conservatively. When i generate and look at the report, what are the main things i should b...
Diego L.
Buying with tenants in place
On podcast 10 Deadly Mistakes Real Estate Investors Make with Brandon and David from May 29th. Mistake #8 they said that buying with tenants is place is a big mistake. I’m looking to make a 112k purchase, the tenant h...
Jody Michelson
Would Flippers/Rehabbers weigh in to offer guidance?
Have you ever had a lender tell a prospective buyer of one of your flips that within the first six months of you purchasing, rehabbing and listing the property, they (the lender) wouldn't loan on a property that wa...
Taylor Shapiro
Seasoning for conventional financing?
I think it was JScott who only sells his rehabs to those who qualified for conventional financing and not FHA. It was my understanding that he did/does this to avoid FHA's 3 month seasoning.
I could've misund...