Michael West
Lease-option to Lease Back to BRRRR?
I like to consider myself a problem solver and really enjoy helping people out of touch situations. I'm wracking my brain on a few ideas and looking for a bit of insight or advice on a creative strategy such as this.I...
Daniel Kries
VA assumable mortgage
For some background info I just closed on my first home using a VA loan . I’m currently house hacking and mortgage is covered and then some . I have a coworker who is eager to sell her townhome and she is willing to h...
Matthew Masoud
Cap Rate Based On Pro Forma NOI?
Hello BP community,
I'm starting to look for larger multifamily properties.
A common (surprising) trend I'm seeing is that people are selling their properties based on future (proforma) NOI.How does that make any se...
Joseph Crunkilton
Why did my gas bill go up 100-200%?
All, I have a vacant rental that was costing me $20 or so a month for the gas alongside mortgage and other utilities. The last two months my bill has jumped to $200 and $250. This is a small, vacant rental that is onl...
Ryan Zomorodi
First Long DIstance BRRR! Foundation + Basement Water Issues REO
Hey BP Community-I'm working on my first BRRR - and it's turning out to be quite the challenge.1925 built multifamily property in Cleveland, OH, purchased as an REO (AS-IS, buyer assumes everything, no disclosures, et...
Javier Toscano
Can you use the brrrr method on a semi turn key property?
Hi all, first post here..Im in the process of closing on a house in Richmond VA, the inside of the house is already completely renovated. I have tenants ready to move in towards the end of the year and I’d be positive...
Anthony Zotto
Rate Change Question
Hello! Quick Question!
I am in the middle of getting a loan with a small credit union in my area, and recently rates dropped and I asked my lender what the rate was now and he said it was the same for my deal. Does t...
Brad E.
To improve or not to improve... that is the question
Hi all -I am looking for some guidance on evaluating the value of improvements to a duplex I recently aquired. Not sure what metric I should be using to evaluate this opportunity. The situation is that I have a duple...
Mark Ostertag
Rent Reforms Passed in New York State
Hello Biggerpockets!The legislation proposed in New York passed on Friday 6/14. The two below articles have related information and I have some related questions. Please add other relatedhttps://www.jacobinmag.com/201...
Joshua Dorkin
BP Update 6.0 New BiggerPockets Navigation Launches!
As you can probably tell, we just deployed the newest version of BiggerPockets with an improved navigation and layout.
For highlights a link to our tour video, please see this post.
We've put a lot of time into test...