Im new in this and was wondering what I should get out of a flip profit. Here is the scenario. I work with an investor/realter in one. He finances the house and the rehab material. I put in the labor. I find the hous...
I was part of a flip this last summer where I supplied some of the funds for purchasing materials. We agreed to do this as a loan at 10% but was a handshake agreement which was paid up. I was working as a contractor/p...
Ok so im currently investigating my financing options and i know its very difficult to get a conventional loan with 5% down if the property is in bad condition ie bad roof holes in walls ect. My question is, is it jus...
Hi BiggerPockets: Can anyone tell me if $12K is a decent deal for the following?:"Remove house trap and replace sewer main from house trap end to street. Repave driveway and replace concrete floor removed for new se...
Investment Info:
Mobile home fix & flip investment.
Cash invested: $300,000
Purchased a vacant residential lot and a used 2004 Manufactured home in 2 separate transactions. Made necessary improvement...
My grandfather just passed away and my grandmother wont be able to stay in her home. They've had it for 50yrs and its something we dont want to lose. They have a mortgage on the place that equals the value of the home...
Hey everyone,We are planning to use the 203K or Homestyle Renovation loan on our next primary property purchase. My question is when does the contractor come into play when determining cost of renovation and mortgage ...
Need help figuring out this partnership agreement!
My partner and I are preparing to conduct our second REO rehab together. We completed one a few months ago and were happy with the results.
We do most of the reha...
We are getting cloer and closer to our goal of 10, 10, 10 monthly, 10 buys, 10 rehabs, 10 sells. As we get closer we are trying to streamline and standardize everything we can.
I have put together a excel sheet that...
Hello, I'm considering buying property out of state and renting it out. I'd like to rehab the house and improve its value. What type of loan can I get to rehab the home if I won't be occupying it? Where did you buy yo...