Is purchasing a single family home in California and having 2 families live in it acceptable for correctly doing the Brrr Method Strategy. Will the bank let me refinance after 1 year or 2. Does the bank need to know i...
Here is my situation: found a triplex for $175,000 that cashflows almost $900/month. I'm currently under contract. This property is fully rented and I'm going with a conventional loan. Trying to figure out the best wa...
I understand that we can't always predict exactly when the market will rise or fall, but I would like to hear everyone's opinion on where we are right now, and also where we are headed in the near future. Thank you.
Traditionally my partners and I have used the "typical" % of ARV minus rehab to calculate offer prices. We also sometimes use the model from Flip Your Future (take profit desired and subtract expenses to get max offer...
Hello,I have homeowner looking to sell his home.He wants me to loan funds to renovate the home, then we split the net profits over his asking price 50-50.Has anyone here done a deal like this?What is a good way to str...
Is there a general rule for how much to have in cash reserve? For instance, 100K property with 25% down assuming its turnkey. Should I do 10-15% in cash of the purchase price in case anything goes awry? With my first ...
Hello, wanted to ask the community for thoughts on if this scenario is possible. A partner of mine is intending to do their first house hack (in TX if that helps). We were discussing the potential of a partnership but...
A couple of questions for any Landlords/PMs in regards to their own personal vacancy stats: 1. What's the average vacancy time on your single-family properties?2. How soon and how often do you drop your price?3. Do yo...
I am looking to put my first wholesale property under contract and noticed some of the contracts in the BiggerPockets FilePlace have a clause that say "buyer pays all closing costs". Does this mean the end-buyer (the...
Hello BP Community,I am fairly new here so go easy please. My father is currently in a legal battle over a 30 acres property that he inherited from his Grandfather with a group of fraudulent wannabe land developers. ...