Page Weil
How to help appraiser include value added through rehab?
Like many people here, I live in constant fear of an appraiser coming back with a crazy low number for any rental property refinance. I recently did about $55k of work on a property with a $50k purchase price so I am ...
Jake Sanders
New Rental Property Investor from Kansas City!
Hey everyone,I am an aspiring rental property investor from the Kansas City, MO area. I am a Mechanical Engineer by training. One of my biggest long term goals is to achieve financial freedom by making calculated inve...
Erik Gladish
How can this Deal Make Sense
Hello Smart Money!I have a seller who has an off market property and she would consider owner finance and a creative strategy. She bought thr property 3/9/22 for $999,000Has a $590,000 MortgageThe property has a sepe...
Herlando Y.
Psychology of making an offer to distress homeowner - Need Help
In my last post I have a house that I found while driving. I talked to the homeowner and it seems like he is running out of money to repair his distressed home. Here is what I know:Asking Price: 290,000 - 300,000ARV: ...
Sid Liso
Pricing and unregistered additions to homes
i am looking at a home here in Fla. I believe there has been an addition to the home that has not been registered with the county. It is approximately 1/4 or more of the sq footage of the total heated space. Is this a...
Brandon Grissom
How to identify if the offer is good
Long story short...........I have successfully flipped my first house that I haven't lived in. All in, I am about 97K invested. I have it listed and an offer on the table for the asking price of $129,900. I stand t...
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
Our Pro membership just got better! We are excited to announce a new Pro Partner - Stessa - who helps investors manage and optimize their portfolios. Stessa brings accounting, tenant screening, financial reporting and...
Maurice Burnett
First investment property/home
I have just put an offer on a home (legal 3-flat; I will live in one unit and rent the others) that the seller gutted and started doing work. The seller had, in his words, a renowned architect here in Illinois to draf...
Kyle Mack
Borrowing more than purchase price
Hey guys!
Quick question. If i am going to buy a flip house for 150k and my estimated remodel cost is at 30-35k are there certain types of loans to where i can finance the extra 30-35k on top of the purchase price o...
Gina Rocillo
Big Bear STR
I am almost ready to put in an offer for my first STR in Big Bear. I just got a message from my agent that according to the listing agent, the title shows 1 bed/1 bath 830 sqft, but listing says 3/2, 1150 sqft. What a...