If you guys remember how your first flip was like, did you run into any surprises? was there anything you wished you knew earlier? what was the biggest lesson? I am starting out myself and i am hoping to know what to ...
Hi! I'm in the middle of my first flip right now and rehab costs are going over my initial estimate. I was thinking about keeping it as a rental in case it wouldn't sell as much as I thought it would. I think it...
I am purchasing a home and financing the rehab with a partnered developer who manages the entire project. Profits are to be split 50/50. $350,000 purchase price$60,000 rehab price$520,0000 ARV$83,600 total profit befo...
Hi BiggerPockets Family,After watching Paul Moore's live YouTube post yesterday he had mentioned to someone, thst they should wait to make their first move during this time of uncertainty, and learn during this time i...
When treating REI (rental properties specifically) as a business, do you take all of the net cash flow as owner draws or do you treat this like a regular business and take say 30% of net profit as owner draws?
It appears that many investors on Bigger Pockets are the millionaire next door types who drive older cars with $100k miles on it or purchase used cars that are atleast 3 years old.
In Thomas Stanley most re...
Hi,I'm currently under agreement for my second SFR home - a small cape house in Yarmouth that we'll rent out (Cape Cod, MA) and need some advice after the inspection. The offer price was contingent upon the owner trea...
First time landlord learning hard lessons. My STBXH decided to blow up our lives after 19 years together, forcing me to move back into the home we were renting out instead of renewing w/ our renter as originally inten...
I'm going to try and keep this short, as I always write way too much. I just have 5 questions so I can rethink my game plan as I don't feel I'm doing enough.
1. Would you ALWAYS put out a bid on anything and everythi...
For some reason I do not like the thought incorporating the 50% rule when looking at cash flow etc.
Id rather just have a large enough emergency fund and deal with problems when they come up and not include t...