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Greetings BP fam – I acquired a 2-unit in Chicago in late February 2020 with the intent to BRRRR. Top-line numbers:• Purchase price: $45,000 cash• Rehab estimate from Project Manager & Contractor: $100,000• Conser...
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A colleague and I met here on bigger pockets and we have been talking about structuring a partnership. I will be contributing more cash than my colleague. One example we talked about is as follows:With a purchase of $...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $70,000
Cash invested: $10,000
Sale price: $100,000
Foreclosure deal, with a minor rehab.
What made yo...
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Quick question. If I get an investment loan for a rental the bank wants 20 percent down. So if I buy a property cheap and rehab it can I cash out refi up to 70 percent of its value. Essentially getting my imvestment b...
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Hi all,
I’m planning to get into real estate investing and I want to refinance my home as soon as possible, but I’m not sure where to start. My wife and I bought our home for $250k and according to Zillow, it’s now w...
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So I was logging onto my AMEX Account to pay my bills, and I got a pop-up saying you're pre-approved for a 25k personal loan at 8.98%. They also said this wouldn't go on my credit score. I usually spend about 3-5k wit...
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When should you update a rental property if you don’t have the cash to do so at the time of purchase? Could someone provide some advice on borrowing extra money from the bank in the mortgage to fund the Reno. For exam...
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Hi to all and thanks in advance. Right now I have a FHA on my principal home and a conventional on an investment property of 3 units. I just want some guidance on refinance options on the FHA, it's near or right on th...
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I am considering investing in a duplex with another partnership but I am unsure the best way to go about setting things up legally should I proceed with the deal. My fiance and I are looking to invest with another co...
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I've lived in my primary home for 10+ years that has a great amount of equity and I'm considering doing a HELOC and turning my current primary home into a rental which will produce great monthly cash flow based on the...