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I've started doing some research on how to best finance my first investment property (buy and hold). Met with a local bank, they offer 80% loan plus rehab costs in a 5/1 ARM at 4.5%. I will be looking for a home in th...
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How do we protect ourselves from a tenant causing us significant damage in excess of the deposit amount? e.g. if we add a clause to the lease contract stating they will be liable for all charges due to their purposef...
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Hello all, over the past months I have been preparing myself to find a flip and although i knew the end goal was rentals I haven't been really paying attention to how to really run the numbers on a rental. I might hav...
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Here in Texas the AC goes out a lot and is the number one maintenance expense. So now I usually install a whole new system when I purchase a property. That way, I won't have to worry about it while it's under warran...
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Hello,I am new to the forum, but I love the Podcast and have had the membership for about a year. Thank you for reading my post.I recently, in September, bought my first investment property. I am currently house hacki...
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Hi I've been working for a buyer for 3 months. Over the course of that time I have submitted at least 4 offers. All offer have been denied because she can only do FHA. Now I know the issues that can show up with FHA l...
A few weeks ago, I was eager to begin the process of renting to an acquaintance who requested to rent my parent's property as it would have been additional income for my parent as well as cover expenses (no mortgage)....
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Hi everyone! My name is Grace, 33 years old, and I'm a new real estate investor originally from the San Gabriel Valley and now residing in the San Fernando Valley... so I guess you can call me a Valley Girl. I've been...
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Hello BP Community!I'm a residential investor in FL and I have been considering expanding my portfolio by purchasing a mobile home park. I have read that many people recommend buying properties that come only with fi...
so i was reading this http://www.biggerpockets.com/forums/67/topics/21771-gut-rehab-costs and got the definition of a gut rehab
"A major restoration project on an old house or other building, ripping out ...