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Deal #1I have been searching around and finally found a house for sale that I was able to get under contract for $30k, It will need about $25k in work on the conservative side. The ARV based on sold comps in the area ...
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Any help or suggestions would be greatly appreciated. What we have proposed is this:
Our company supplies the money for the deal, thus the majority of the risk. We are planning on a Hard Money loan, have some perso...
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I am currently in a bidding war over a house that is in need of quite a bit of work before it's livable. The exterior walls and foundation are great. The interior and roof, not so much. I'm paying cash for the house, ...
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Hey BP Fam, looking to buy a property in DC with the Fannie Mae Homestyle Purchase and Renovation Loan. It's a complete gut job. Are there any DC area contractors who have worked under this loan before? Over the next ...
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When times were good many newbie investors would buy property from banks promising that the property would be "owner-occupied" meaning the bank would give the new owner a better interest rate since it assumed that per...
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I'm reaching out to the bigger pockets community to find out about the Sherwood area and the Jacksonville area just outside of Little Rock Arkansas. I'm looking to purchase a single-family home as a rental unit that h...
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Hello! I joined BiggerPockets today and look forward to networking and finding my way to time, location and financial freedom! I HAVE NEVER OWNED A HOME. Primary or rental.
Here is my current situation:
I'm 27 years...
I have been watching the last 4 months in absolute awe. Unemployment is through the roof, businesses are going bankrupt, most people are staying home not spending money yet the stock market and Real Estate market are...
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Hi. I'm thinking about getting 203K Loan for my first flipping house. Do you guys have any experience with that? What are basic worries and possible troubles? Thank you for any suggestions in advance!
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TLDR; I prefer buying in a high interest rate environment and then refinancing in a handful of years, rather than buying in a low interest rate environment and refinancing in a handful of years.Wanted to share my thou...