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I always see so many questions about turnkey properties, long-distance investing, and BRRR’ing properties so I thought I’d share my first investment experience since it consists of all these things.
Details:
Purchas...
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I'm under contract on an older-home. Like early 1900's in Florida. Home inspection completed yesterday. The 2 main issues are that there's a leak in one of the bathrooms that is causing water to flow under the sub-...
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Hi everyone I’m in the middle of my first flip. I locked up a single family home (roughly 2600 sq feet) with 5 beds and 3 baths for $454,000.The ARV for the area tells us we can probably sell the house for 685-700k on...
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They would be an absolute except a few people get lucky and put everything they have into a rental property and nothing goes wrong for a year or two, giving them time to build up cash reserves. Then again a few peopl...
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My wife and I have two rental properties that we've converted from our personal use. One is our old townhome that we used to live in and the other is a single-family home that we bought for my parents to live in. Th...
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I've been dividing my monthly rental income into 3 buckets.
Bucket 1 goes into repairs for the property
Bucket 2 goes into the mortgage payment
Bucket 3 goes into future investment savings (MM acct due to higher ...
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Hi BP Community!We are getting set to close our biggest CRE investment here in about two weeks and since it is a hybrid of creative financing and an SBA 504 loan, we wanted to share some lessons learned since we have ...
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Hello biggerpockets :), heard back from two of my brokers and pretty much the only options I have to get into a rental is going the private route. So I just started thinking and thought about freeing up some cash whic...
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From what I've read in the forums it seems that conventional wisdom here is it's best to hire only contractors & handymen that are insured. I adopted this perspective when I started as a landlord as I tend to trus...
hello, we are relocating and I would like to turn our current home into a rental. We are in the Austin area and expect the market to continue higher.We have a deck that has started to degrade with rotten boards and ...