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Hi everyone,My name is Peter Tate and I'm a new investor in the Chicagoland area. I am looking to do my first house hack in the area, but I don't know what area I should invest in. Any help/advice that can help me fig...
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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...
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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...
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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.
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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...
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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...
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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 ...
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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...
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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...
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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...