Roger G.
Killed deal because of appraisal
I was selling my flip property for $199k
I had the property appraised at $205k.
Once I had the property in contract with an FHA buyer, the bank sent an appraiser and she came in at $185k
In her appraisal she wrote tha...
Jordan Deeney
Seasoning on Cash Out Refinance???
Hey everybody.
So I have been trying to figure out the exact science on the cash out refinance that is involved in the famous brrrr strategy.
At first, I was under the impression that yes, you can find banks (typica...
Luca Giani
How much Home Insurance Coverage?
hello everyone,I am trying to find the right tune between cost of premium and coverage. It's my first rental property so I am just asking for advice that might sound stupid but I will do it anyway :-)The general quest...
Melissa Bunch
First deal help-analyzing the numbers
https://www.biggerpockets.com/analysis/rentals/f2a4127b-7a0f-4827-aee4-fe7e96307582I’m not sure if I even shared the report correctly, but I’m trying to analyze this first deal. Looks solid, but I wanted to be sure I’...
Alejandro Arciniega
Moving back into a rental. How to evict tenants?
I have a property I've been renting out for the last 5 years. I currently have great tenants in place but I make sense for my wife and I to move back to the property to start our family. We are expecting our first chi...
Sean Tift
Rental Property Insurance
We purchased our first rental property in September 2019 in Indianapolis. It took about a month to get the property "rent ready". Once the home went officially on the rental market, we had a slow start and did not ge...
Shilpa Shah
Do we pay our contractor in cash ?
We are renovating our first investment property. Our contractor has provided us with an option to get 10% discount if we pay all cash. When asked for the receipt, he said it would be an acknowledgement of the cash but...
Leslie McIntosh
How to add improvements in a Texas TREC standard condo contract?
Howdy,I am looking for ways to incorporate known costs into a Texas standard TREC condo form between myself and the seller on an off market deal. I have a list of things that I want done, so I would like to include t...
Ana M.
Flipping houses... expenses. capitalized or deductible?
I am a real estate professional. (not passive activity).. I file jointly with my husband who is a doctor and has high income (500k/yr). I have LLC's for mostly flipping properties. I have only 3-4 rentals in my 3 L...
Johnny Lynum
Operation UPPERDECK: Panama City, FL Fix and Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $90,000
Cash invested: $21,000
Sale price: $209,999
🙌🏽 Today we got the clear to close on Operation UPPERDECK. ...