Ok, so we had to close on a deal that was meant to be a contract assignment. Here are the numbers:
ARV 110k
Repairs 20-25k
Rent 950-1000
Originally asking 35k
Bought for 20k, had to repair the back extension (mechanic...
It's been 1 year since I quit my W2 job with the help of BP, and couldn't be happier!As BP said, "Life isn't meant to be lived in a cubicle." I started the corporate world at $45k/yr, and left at $70K/yr. You don't ha...
I have notice that many (majority) banks don’t like to lend on a property less than 75k. If that’s the case what happens to those that try to purchase properties that are less than 75k? For example in markets like: De...
Hello BP Family,I was recently speaking with a buddy here on BP that is new to the game and is worried about how he is going to replace his and his wife's income. He just had a new baby in February (congrats Andy!) an...
Hello all! I'm looking for some feedback regarding my thoughts on how to acquire my next buy and hold property. I currently own 4 duplexes in Ames, IA, and after many years of expensive lessons, have finally turned th...
Hey all, love the site and the podcast etc. I am looking to get into REI and am trying to find the best avenue possible. - I have 200k in home equity that I could leverage into a max of 140k in a HELOC(approved alread...
So I finally competed my first deal! Since finding BP 3 years ago, I knew I would start a business in Real Estate at some point. At the time I didn’t have any money saved up and all I had was time. So I put a plan to...
Hello BP, looking for an out-of-state area to invest in and have done some research in the surrounding areas of Dallas. Wanted to see if you are still choosing this area to invest in, why or why not? Thanks!
Hey guys.I just got my first house under contract (!!!) and I'm equal parts excited and terrified. As a result, I'm turning to the Bigger Pockets community in the hopes that I can get some outside opinions on what the...
Howdy fellow BP members !My name is Jinwoo. I am working as a game developer in Bellevue,WA. I was reading the forum posts for a while, learned a lot and finally decided to join in.As for real estate experience, pur...