Kristen Silva
Pre approval or HELOC first?
Hello,
I am new to the Bigger Pockets community. My husband and I are looking into purchasing our first investment property. We have a primary residence that has about 350k of equity. Our current rate is 3% so a ca...
Kiley Boss
Financial road block
I have been trying to get started on investing for about 6 months now. I have read my books and done my studies. But I am at a road block financially. Quick history, I am a dentist but currently not working. I have 4 ...
Michael McDonald
What's going on with Realty Shares
Got an email from Realty Shares today was wondering if anyone had any insight or thoughts. I am copying the notification.An important message from RealtySharesTo our platform investors and operating partners:Five yea...
Kelly Wali
Fix and Flip Loans
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Getting a fix and flip loan for under 35k seems to be harder than nailing jello to a wall. I came across 2 great deals in the same area, these properties need major work and I am only about 35k short it seems that...
Mark Safrin
Invesor ring artificially boosting property values
How common is for a group of investors to sell properties amongst themselves to inflate the apparent value of the property before approaching a HML to draw out the value?Came across one such group. If I understand it ...
Johnny Horner
Early retirement investment strategy
BP community, help me settle a debate with a colleague, here is the scenario:We have a friend, let’s say his name is Bob, he would like to leave his w-2 job. Bob, mid 50s, currently has 20 doors averaging $450 cashfl...
Paul Waddell II
Newbie Real Estate at 25
Hey BiggerPockets family, I hope all is well in this crazy year we all have been having. I just broke out of COVID unemployment to work as a manager for multiple storage facilities earning an hourly wage. I have about...
Josh Layhue
Potential deal on 2 bed/1 bath
I'm looking to get advice on the following potential deal:
2 bed/1 bath
Asking $32k
Needs about $3k in repairs
Will rent for at least $625/month
Currently vacant
I'd say the market value is closer to $45k-$50k. It'...
Bob Jones
What would you do?
I'm currently an employee managing a multi-family with over 200 units, collecting about 1 million dollars in rent every year. I have worked for this private investor for the last 7 years. I have been responsible for...
Kiren Pajotte
Brrrr gets the most out of your capital
I'm reading David Greene's BRRRR. On page 27-28 he's explaining how to increase your ROI by borrowing a portion of your basis. He continues to break down the formula. This is where I got lost. Does anyone understand t...