Terry Matula
First time investor - Owner/Occupant and Landlord - thoughts?
I'm looking at a 4-plex in Austin that's under HomePath FirstLook, and I would OO for a year. It's listed at $156K, two 2/1.5 and two 1/1.5 units... one 1/1.5 is rented now at $550, the 2 br could go for $650 as is. ...
Josh H.
Private Money (Hard Money is for Suckers)
Good Morning BP Community,Is Hard Money really for suckers?
My wife and I have done about 30 flips over the past few years, typically with a partner of ours that has a good amount of cash which he invests, then we sp...
Bill Briscoe
What rehab improvements will maximize resale?
I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.
The loan package consists of a 6 month IO const...
Bill DeLuca
Need someone to explain the refinance part of the BRRRR
I cant grasp the refinance and cash out portion of this strategy. I need someone I can call, I cant comprehend it any other way.Home under contract to purchase for $110,000Put down 20% ($22,000)Get a loan for $88,000 ...
Kyler J Sloan
HELOC and Private Money to Finance Deal?
I found a deal that I am a bit reluctant to take, but have reasons particular to me that make it attractive.
With a modest estimate it should yield an ROI of just over 20%, but in order to get it I would have to use...
David Murff
Question for Commercial Lenders/Mortgage Brokers
Hey everyone I appreciate your time and answers!My question: I’m planning to go with a value add approach to 5-12 unit apartments in Kansas City area. Through my research I’ve found traditional bank financing may be t...
Kirky Galt
Need help with rehab cost for property in La Jolla
I’m working with an elderly seller in La Jolla that will likely be facing a short sale unless we can improve the condition of his property before resale.The property currently has a reverse mortgage of 1,164,000. The ...
Shylil Smith
First Investment Idea
Is it a smart idea investment to buy a SFH property with built in equity, make improvements to the home, and hold as a rental? I would then pull out that equity and move to the next deal. I have an advantage to an own...
Brandon Powell
Setting up or Paying with Credit Accounts in Solo401k or Self Directed IRA
I need advise from investors who have had their SD Retirement accounts set up for a while. I have one major hurdle that I can't seem to get past.In our Fix and Flip business (in a non retirement owned LLC) we utilize...
Matt Liu
Chicken/Egg: Improvements, Pushing tenant out
I am looking at many deals where the condition is very sub-par and the rents are accordingly far below market. I know that I have to do improvements to the units to raise rents to market. At the same time... I have to...