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Switching strategy from fix-and-flip to BRRRR this year. I'm trying to understand some of the intricacies that separates the two. This is my understanding of a successful approach to scaling BRRRR. 1.) Purchase proper...
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Hello everyone,I’m Valentina and I’m a double citizen (Swiss and Italian) married to an American. I’m looking to enhance my financial education so I can secure my financial future and be financially independent, where...
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The set up: I'm a newb REI with my 1st property rented out. My partner, on the other hand owns several other properties and has 10 years experience.We had an issue with heat in one of our units recently. After the iss...
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Hello BP friends! What's the rule of thumb for creating a capex reserve? (as a percentage of total revenue) At day 1 of owning the property, do you typically have some $ sitting in the reserve?
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Hi, I am starting out in wholesaling and intend to move on in a few months to fixing and flipping. I am in search of information related to setting up domain names and web sites. I have heard that if you start a sear...
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Hi Guys,I am looking at a refinancing on my property in PA area where I am considering a 5/1 arm vs 30 year fixed loan option. I am assuming 5/1 arm is a better option given the interest rates are subject to change wi...
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My initial plan is to have at least 6 months of PITI in reserves as part of my initial expense for a newly acquired property. On top of that, my monthly capex expense and vacancy expense will be added to these reserve...
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Hello BP,I am looking to purchase a duplex. First floor is a fully occupied convenience store and the second floor is a 2 bedroom apartment unit. This is going to be my first time owning a commercial unit in a big cit...
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My name is Keaton Edwards and this is my first time on bigger pockets. If there is anybody in Evansville Indiana who could give me some tips and pointers I would greatly appreciate it! I’m interested in building my po...
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I'm currently in negotiations for an off-market deal involving four houses. These will be buy-and-hold properties. The seller is retiring from the business. The total selling price will be below the total of the curre...