We own a duplex with a DSCR of 1.5 (from what I understand) and about 60% equity. When the pandemic hit we took out an equity line and I pulled all the cash out and put into a savings account out of fear that they wou...

Hey everyone, if I’m planning on trying to land a pre foreclosure home to wholesale, would I still use the usual 70% rule to calculate my MAO? Or is there some other formula to get my MAO when dealing with pre foreclo...

I just completed my first BRRRR project, getting the long term financing in place this week.  Details of the project are below:Properties: 2 duplexes, side by side in Tacoma, WAAcquisition Date:  3/31/17Acquisition pr...

Apologies in advance if this is the wrong area to post. I am pretty fed up with my contractor and would like some advice on what my available options are. I started the renovation/remodel of my four unit complex in Ap...

Hi, I have my eye on a fire damaged house going for 75k in an area that comps for 200k. The numbers look good but I have never dealt with a fire house. Walls and structure look good but the entire roof will need to be...

Hey guys, I want to share an interesting story with you, so newbies like myself remember to take extra care when selecting a contractor or anyone, really, for your team. My husband met this local contractor (let's cal...

Hey everyone,I’ve been lurking on and off here for about a year now. I recently started listening to the BP podcast and I’ve become extremely motivated to start diving into real estate investing.I’ve been sitting on t...

We've closed on the new property. A few minutes after we've already signed and closed on the house, the seller now wants 30 days.The real estate agent says he will now have to make an addendum. There was nothing in th...

In June, 2020 I purchased my first house for $230,000.
Today the property is worth $285,000.
The Mortgage is $1400 / month.
This was an FHA. I lived there for one year renting out the lower unit and then moved back...

I flip homes in the area by doing "minor" renovations. I don't do complete gut jobs.  I stick to tasks I am allowed to do (patch drywall, paint, replace fixtures, flooring, tile, and cabinets) and hire licensed contr...