Marcie H.
First Flip: General Liability Questions
I am getting ready to start my first flip in Knoxville, TN and finalizing the contract with the general contractor. This contractor has come highly recommended and has an amazing list of both residential and commercia...
Christopher Stacy
Analysis Paralysis Using BRRRR
Maybe I just don’t fully understand the BRRRR strategy. It seems like a great way to not only get started in real estate investing, but also a path to build a rental property empire, which is what I am very interested...
Cora Hunchak
Wanting a 3rd property. Mortgage broker says DTI too high. But we have cash for 20%
I have two properties, 4 doors. Two of them are str, and 1 is long term. I live in the other. The idea is to rent out the space we currently live in and move into another space which we plan to renovate and house hac...
Simcha Davidman
Seller Financing / Carry - 2nd position
Greetings BPers!I have some condos that I'm selling in Fort Smith, AR. My real estate agent is encouraging me to finance the entire purchase price (conventional mortgages are not available because of my concentration ...
John Clendenon
Should I Carry Hazard Insurance?
I have about 210 doors. SFH, duplexes, triplexes, multi-unit. No debt. I carry liability insurance only. I don't carry hazard (fire/wind/theft/flood/etc) insurance. I can buy a unit or two per year with the savings. I...
Shane Crockett
Subdivision process: worth it?
Looking at land in Washington that is 2x more than I originally budgeted for and thus would require additional capital/investors, but could also mean opportunity to subdivide and build 4-5x the number of homes origina...
Jayson Wolfe
Partial seller financing - who gets first lien?
Greetings you fantastic BP people!Quick question about partial seller financing... if you get a seller to do seller financing for ~20% of the purchase price, who gets first lien? The bank or the seller doing ~20% 'sel...
Lee G.
Conundrum: Next Financial Move After 2 Properties
Summary question: How would you allocate by extra money saved from my paycheck by percentage between 1) stock piling cash for a 3rd rental property 2) paying down existing mortgages ( I currently own 2 mortgages that...
Lexi Blevins
Flip deal profit structure?
Hey everyone! I am a realtor and a real estate investor in Atlanta. I’ve done five fix and flip deals so far. I have a new investor partner that has all of the money and is willing to carry the mortgage. They have hav...
Jessica S.
Insurance for New Construction Project
Hello all,I’m working on another a New Construction SFR project. In past projects, we have hired a GC but given my husband’s commercial construction & engineering background, this time we will General ourself.On t...