Can someone please explain the BRRR strategy thoroughly. Fun fact, I will be using a hard money lender and the interest rate is 11%. Can someone please explain, so that I can make the right decisions when investing.
I am a new investor saving and looking for my first house hack in Minneapolis or surrounding area. I hear a lot about people saying you need to understand and research your market, but what exactly does this mean? I a...
Hi Biggerpockets, I need some clarification on what the lending company is going to really charge or better yet on how to do the Proper Math!
On the contract it says the following:
The applicable annual rate will b...
Over and over I hear the BRRRR method, but I consistently stumble over it and grasp it a little but then the fundamentals are washed away by wordiness. Could someone write a small list of each step. I don’t need much ...
Hello My husband and I are about to purchase a house that has HOA fee of $65 yearly. My real estate agent contacted the seller agent about the HOA fee. The seller agents response back said it was for community plantin...
Given a loan of $1,000 with the following terms- AMT = $1,000.00- NPER = 60 (5 yrs on mthly pymts)- RATE = 8% (Annual rate) (i.e. .08/12 per term)Then:- PMT = $20.28- Total AMT repaid = (60 * $20.28) = $1,216.58All...
So last November I submitted an offer for a client on a HUD home, during initial owner occupied period. The home was listed @ $200K. Our submitted NET offer was slightly above asking price (conventional financing).......
There is a single family residence home where the seller wants $82K (I believe he dropped it down $22K)He paid cash for it in 2015 for $34,500. I see there is a commercial loan for $200,850 but the property has a nega...
I have one of my rental properties listed for sale. I received an offer to sell it for full price with seller financing. I never really considered going the seller financing route, and know little about it, but it doe...
Particularly in the hot and supply-tight Greater Los Angeles region, how do you decide whether to buy investment properties, and how do you decide to pass? Obviously, "the numbers have to work" -- but what does that t...