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Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...
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Ask any question regarding multifamily lending with Fannie and Freddie. Topics may include proper expense guidance, COVID-19 escrows and their releases, net worth and liquidity requirements or non-recourse elements. I...
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This thread is going to be an account of a real estate rookie looking to find, fund and rehab a residential property in the MD/DC/VA area. In this case, my first property is likely to be one that's been referred to m...
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Hi all. I have been doing some research into MF properties and have had some extremely informative conversations with some lenders and agents (Thank you Rick, Jonathan, and Jake). I’m interested in learning more about...
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Is there such thing as a “perfect investment?” According to today’s guest, yes. Today on the BiggerPockets Podcast we sit down with Paul Moore, a real estate investor whose 18-year journey through real estate has incl...
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Hello, those with experience wholetailing please chime in, as I have not completed this type of deal before. I'm trying to wrap my mind around what the purchase contract and settlement sheet will look like on a wholet...
I'm exploring my options to roll over a 401k from an old employer and want to make sure I am understanding the basics here. I realize that I'll need more specific and detailed advice from my own advisor, but the exper...
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How do I get started with bad credit? Do I need to wait until I improve my credit score before I can start? I've heard about getting owner financing and lease to own, are these the only ways to get a start?
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Just wanting to see if we have any kind of liability here if tenants wanted to try to sue us? I'll try to make this short, it's a little bit of a complicated story. We had tenants move in August 2019. We accepted them...
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I'm buying a property out of state. The current owner has no lease with the current tenants. He has done no background check, no credit check. He manages the property himself and collects rent in person. The tenants t...