November last year, I bought a vacant 9 unit for $210k, put in $40k to renovate and after fully leased, it appraised for $440k. In April, I pulled out 80% or $318k and used $200k to pay off the private loan of the 9 u...
I own a business flipping vacant land properties so according to the irs I am a real estate dealer and my income is taxed as ordinary income which includes the full 15% self employment tax. I recently found out about...
What's a good way to establish credibility when you're young (22) and talking to sellers? I know some people may be skeptical when they see a relatively young investor I feel that's the biggest barrier to overcome. I'...
Hey fellow investors! Has anyone completed and re-appraised/refi'd a property that they added an ADU on a small multifamily (2-4 units) in California? I have a deal where I want to do this but I'm concerned about how ...
I've been around this business long enough to see just about every scammer out there. I've noticed that all of the scammers use certain words: Here's my list:
1. SECRET (the gurus have a secret alright. The secre...
Hello to everyone on BiggerPockets!My name is Evan Fisher, and I'm a real estate investment principal. A bit about me:I grew up in New Jersey, went to college at Villanova University near Philadelphia, then studied a ...
Can you refinance out of an initial funding via long term loan into another long term loan and still benefit from BRRRR strategy? I.e Obtain an FHA loan and refinance out after 18 or 24 months? (Intent, will be to get...
Hi,I came across a property that is in a potential flooding zone. My realtor outright rejected the idea saying it will be a tear down and will cost an additional 300K.Is it really not worth pursuing the property given...
Its awkward, but it needs to be said....
The FACTS about our economy (GDP, unemployment, workforce participation, etc...) have no bearing on asset prices!
I'm not an economist, I'm just a curious young man. There w...
Hello All!I am in the process of making offers in order to land my first multi-family investment property in The Dallas Ft area of TX. I have made a few offers which have all been declined unfortunately :(. My analysi...