Holly Boss
Deal or no deal? How’s the math look?
First time getting into house flipping:A wholesaler has a sfh he wants 272k for. ARV is 325k in Tucson, AZ 85730, comps I saw were 244 and 270 for similar rehabbed 3bd, but 4 bd with smaller sf sold at 325. Rehab esti...
Beth Phariss
Financing with Foundation Issues
I know it is fairly common in the Austin area to deal with foundation issues. I have the money for the repairs and the down payment. Is it possible to get financing with a foundation repair allowance of some sort, o...
Chase Brumfield
Construction Loan Exit Options
Hi folks,
My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.
Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the proj...
Kristi Kandel
First house hack - that led to 4 + properties
Alright Bigger Pockets people! I've been waiting to post my update on dipping my toe in the water to full on diving in and swimming away in less than 2 years! First of all shout out to April Vogt on pushing me to get ...
Charles Press
?Repairs vs. Maintenance
Here's a question that likely only the people that keep their own books or the accountant minded will appreciate. Do you lump together your repairs and maintenance costs on your income statement or do you keep them s...
Lynn McGeein
Anyone else doing refi w new special FHA Streamline?
We are doing the new FHA Streamline refi for homes pre-July 2009 with the .01 funding fee and less monthly MIP. Just wondering if anyone else is having unexpected issues pop up. Already surprised as it was supposed ...
Morgan MacGregor
First Deal Out of State Sight Unseen
Hi BP Fam! I am an investor originally from Northwest Ohio but have spent the last 10 years travelling the Mountain West working as a Park Ranger and Endangered Fish Field Technician. Currently living in Western Color...
Chris Martin
50% rule. fiction? non-fiction? Let's see for 37,491 SFR
American Homes for Rent (NYSE: AMH) numbers for quarterly period ended June 30, 2015.. for 37,491 single-family properties in 22 states:Rents from single-family properties $137,818,000Fees from single-family propertie...
Suzanne Chan
Roofing Question - Decking Material calculated before or after?
Hello BP community, I have a question about a roofing invoice. I had 2 roofing bids for a complete tear-off with a new TPO roof. I got a bid for $27K and then I asked another roofer to match it, which he did. I chose ...
Bryan DeSellem
Should I use a 401K Loan to fund a deal?
My wife and I found what seems like a killer deal near where we grew up, we now live 8 hours away. The house is a duplex that is currently rented for $1200/month per side and the asking price is $120k. The only thing ...