Hello everyone,
I'm a single investor with no partners.
I started by placing my 1st rental property into an LLC (for this example, *JOHN SMITH PROPERTY INVESTMENT, LLC*).
I just purchased a 2nd rental property l...
I see a lot of people analyzing deals and they do a nice job of assigning a certain percentage of monthly rent for different expenses, maybe 5% repairs/maintenance, 5% Cap Ex, 4% Vacancy, and 8-10% Property Management...
Hey everyone,So far BiggerPockets has been nothing but amazing for helping me on my ways to a successful real estate career. I have a couple of quick questions for those out there that have been in this for a while th...
What cushion do you look for in your LTV ratio (against a fresh BPO) in the case of a 1st Priority Note? Also, how much faith do you put in BPOs?
Hello everybody this is my first post and first wholesale deal I am working on.
The property is a SFH in a desirable area on the North Side of Chicago. Numbers are as follows.
ARV: $175,000
Repair...
Hi BP
I just made a cold call on a turnkey duplex in my market. Owner loves the property. Said its been a great money maker over the 17 years she's had it. But sounds like she would be willing to sell at the right n...
We just closed on a bank-owned property w/city services and today I had an appt to get the water turned back on at the street. The city water guy told me there's a leak somewhere between the curb box and the house.
I...
I've got a friend who is looking at a deal in a city close to me. They are using a program that gives them a down payment assistance grant that does not have to be paid back if they stay in the property for five years...
BP Friends! Hope all is well. I know this is a loaded question: Do you know if anyone does 15% down jumbo second home and okay with 1031 exchange?
I have a question in regards to a multifamily property (3 units) that is zoned single family. The plan is to run a BRRR strategy on the property to update all 3 units and refinance to pull equity out of the property o...