Hello everybody!My name is Nicholas and I am a new investor/agent based in Austin, TX. I'd been on the fence about getting into real estate for some time now, and have been lurking on BP for sometime - mainly to find ...
I was wondering if anyone here might be running an airbnb? Even when I include the added cost of electricity; 50% vacancy, increase in operating costs etc, the ROI is better with airbnb -vs- standard rental. I would l...
I am new to helocs. Taking out a heloc on my primary, no mortgage note. Comps in my neighbor peg house value at $348K. If a bank does 80% but is availing a $220k line. Am I on the loss for something here? Why won't ...
When advertising a deal to my buyers. I was told that its important to ask the buyer(s) if they plan on assigning the contract or if they are the end buyer. Im still having a hard time understanding why I would ask th...
Hello Biggerpockets Family,Has anyone done deals with a straight option or flex option?
Will be seeking to invest between 400-600k into multifamily, aiming for maximal cash on cash return. Initially thought duplexes or triplexes in B class properties in Cleveland suburbs (out of state, have family connec...
Investment Info:
Single-family residence buy & hold investment in Jacksonville.
Purchase price: $22,000
Cash invested: $5,000
SFH purchased through seller financing with 2k down 5.25% and amortiz...
Tomorrow I am heading into a bank to refinance a rental property that I own on a contract for deed. Thanks to the podcast, it occurred to me to put together a nice organizational binder complete with a bigger pockets...
When calculating DSCR, we know that the formula is NOI / Debt Service. My question focuses on NOI, specifically rent. In DSCR calculations, has anyone ever "straight-lined" revenue?Projecting revenue is easy. For e...
How to use a straight option to purchase contract and can I use a regular assignment contract to assign the straight option to purchase agreement? I saw an assignment of option to purchase agreement in the file pl...