Herlando Y.
First Investment deal after 3 months on Biggerpockets
Intention: Buy & holdHouse info:Fannie Mae Homepath DuplexBuilt: 1970Asking: 265,000ARV: 285,000Repair: 10,000 (Maybe: House is in great shape)Down payment: 20%Closing Cost: 10KIncome: 30K - 32.4KMonthly Expens...
Zachary Wurtz
Documents Needed for Private Lending
Hello, I have two questions - hoping some of you may have advice based on experience.I am intending to team up with a coworker who plans to pay for the rehab costs of a BRRRR strategy as I pay for the down payment. We...
Jonathan B.
Newbie in Westchester NY
Hi all,
I just found this site a few days ago, and am super excited to try my hand at real estate investing. I'm in Westchester NY and my initial goal is get a small, safe rental property with $100-$200 cash...
Bob E.
How do YOU define Risk?
Thought I would start a thread to see how different people define risk and take it into consideration.When I was in Grad School one of the finance advisors, who also manage money for other people, defined risk as "The...
Jordan Madewell
Lifestyles Unlimited
Does anyone have experience working with or using the Lifestyles Unlimited mentoring/coaching program?
Heath Heneveld
Deal analysis: Best way to finance teardown on $$ splittable lot
Hi everyone, I am looking for some recommendations on the risks/rewards of a potential deal as well as how to mitigate those risks with the appropriate financing.I have a potential lead to acquire a teardown house loc...
Reggie Nworie
Appraisal Risks – Part 2: What Do You Mean the Appraisal is “Too Good”?
Appraisal Risks – Part 2: What Do You Mean the Appraisal is “Too Good”?
This is part 2 of a 2-part series on appraisal risks. In Part 1, we discussed what to do if an appraiser undervalues your property. In Part 2, ...
Gladys Cepeda
Multifamily vs. Couple of single homes
Hey investors!! What's your take/advice? Need advice as I am embarking in purchasing my first rental property. Is it better to invest in one 3-4 unit multi family first or 2-3 cheaper single family homes? what would ...
Jeff N.
What has more risk? RE Investment or New Car Purchase?
After reading a post on hear about "Do you tell your friends you invest in RE", I remember a comment someone made to me concerning RE investing a few years back.
This person found out I purchased a home as a buy and ...
Dan Gandee
Cap Rate For Dummies
Hello there BP Family! Let me preface this forum post by saying that no one is an actual dummy when first starting out, but to grab your attention I had to use something good :)
Cap rates, gross rent multipliers, ca...