Account Closed
Possible First wholesale deal??
Hello BP community, I’m relatively new to real estate wholesaling. I’m in the philadelphia area and finally through some VERY hard work I was able to track down an interesting lead. I found a motivated seller in west ...
Snehann Kapnadak
I Think I Found A Deal. Now What?
Hi All,Hope you're enjoying MDW! I have a "layup" question that I'm actually struggling with. I think I found a good deal but not sure where to go from here. I've analyzed it in greater detail and the numbers look gre...
Charles D.
How do people flip house to make money with all these costs?
I don't quite understand how people can many money of flipping houses fast. There is theReal estate agent commissions 6% + Seller concessions 1.5 % + closing cost 1%. There is at least 7.5 % cost to sell a house. Plea...
N/A N/A
HELP...What should I do??
Okay, here goes...
I have what I believe to be an excellent investment property:
ARV= $400k
Purchase Price: $240k
Repair Value: $12k
The problem is this,
It is a bank-owned property and the bank needs verification...
Chris Marvel
Where to Start.
I am new to biggerpockets and so far I am loving the wealth of information that is on this site. I have attended a few webinars and those are great as well.Me and my wife want to start flipping homes but I just don't ...
Brian Silvia
General rule for cash flow vs total cash invested?
Is there a general rule of how much total cash should be left in a deal, vs the monthly/annual cashflow?For example, if I were to BRRRR a property and end up leaving a total of 24k cash in the deal, knowing that it sh...
Jace Thornton
Driving for Dollars
I was driving around a section of town that I want to invest in and found some properties that appear to be vaccant. I have the addresses and looked up the tax information. What are the best ways to get in touch with ...
Lance Gorton
Busy Street flip
I have a wholesale deal offered to me. It is on a busy street - 4 lane with about 30 cars / minute passing. Comps are 155 / sf. I am estimating 5% less on my ARV due to busy street. The deal does not leave me much pro...
Anthony Del Russo
First property agreement of sale issue. Help!
Hello BP!I have been analyzing properties for a SFH house hack locally for some time now.I found a new construction condominium that I fell in love with. More importantly, it works financially and would reduce my mont...
Account Closed
General BRRRR question
While performing analysis on a BRRRR deal I'm noticing that when it comes time to REFI if I underestimate my ARV I could potentially hurt/lower my cashflow due to the higher loan costs I will be required to pay. Is t...