One of the key elements in the home buying process is the buyer obtaining a mortgage pre-approval letter from a lender. Today, many prospective homebuyers go online to a website of a lender or real estate professional...

Hi everyone!Brand new here (brand new investor as well)I'm looking at a 4plex property tomorrow and would like a more experienced set of eyes on it.Just because of the fact that I'm so new to this, I want to know if i...

What would a budget look like if I were looking to rehab?

I've seen on most websites that wholesalers keep it simple when advertising to end buyers/investor. For example ARV 100,000SELLERS PRICE 20,000REHAB/RENO 1,000PROFIT 79,000but does the end buyer/investor want a comple...

Hello BP!I am working on closing my first duplex deal in Mount Clemens Michigan. The duplex is 2 - 3/1 units with a price of just over 100k. The loan I am using is an FHA loan with 3.5% down. I received the closing co...

Hi BiggerPockets community,I'm in the process of evaluating a condo in Columbus, OH and have attached a screenshot of the inspection report summary, which highlights several areas that need attention.
I'm seeking:
E...

Hi,
I have an opportunity on an Off-market deal, but I am not sure how to approach it and am reaching out here to see if I can get any advice.
Here are the facts:
Owner is retired and recently moved to assisted liv...

Hi my name is Chris, I am a newer real estate investor/wholesaler in the San Jose/Santa Cruz areas.  I have a property in contract in Los Gatos, CA.. It is a heavy fixer. I was wondering if this deal would make sense....

There are two ways for you to calculate your MPP. 
The first is a much more detailed approach and requires you to estimate all your costs from the beginning to end of a project.
MPP Calculation = After Repair Value ...

Reading the book Flip they have a rule of thumb chart for quickly estimating the cost per SQFT of rehabbing or remodeling a home.

Here is how they chart it.

Standard finish rehab - $15
Designer finish rehab - $18

S...