I have found a Triplex I am interested bank own for 361k it would need at least 250k of repairs to make it rentable I believe I can get it for 200k cash. ARV is 600k The cash would wipe me out. I am buying it to hold...
The biggest misconception about real estate is that you can be an introvert and hide behind your properties.Well, maybe if you wanted to stay small forever you can stay in your bubble and talk to to people only when y...
I'm having a very difficult time securing long term funding for a small (1,250 sq ft) commercial unit in NJ. The unit is currently rented at $1,950 and I am purchasing for $187,900. Curious if anyone has any advice a...
FHA has announced that the temporary waiver of FHA’s regulation that prohibits the use of FHA financing to purchase single family properties that are being resold within 90 days of the previous acquisition, expires on...
Hey guys,I’ve started wholesaling to raise capital. I can’t tell sellers I’m a cash buyer when IM not a cash buyer. I say I partner with them, but I need to streamline this part honestly to maintain integrity. I’m a c...
Hey Everyone,
Quite a bit to unpack here but I'm in a bit of a cross roads on how I should approach using a HELOC.
scenario 1: Utilize to pay off Car Loans + 2nd Property down payment? ($100k)
scenario 2: Accelera...
Brokered a client this 5br 2ba house in Portage Park neighborhood of Chicago but the cheaper less nice side of town for $350,000. He put about $40k in rehab and ended up renting monthly for $1500 master and $1000 each...
I purchased a positive cash flowing property last summer, for cash and am now (finally) looking to do a cash-out refi to pull the cash to use on another property. My other properties were all purchased with traditiona...
Hey Biggerpockets community,
I am in the middle of purchasing a duplex. This will be second property ( I have a 3 family). I have about 5 months worth of reserves after the new purchase. I feel as if I am still in ...
Hi,So here’s the scenario: I quit my “high income” job and moved to another state. I have money saved up, no current income, and live with my fiancé who has a full time job. I found a duplex we intend to house hack an...