Jared Lomker
Brrrr 5 unit complex
Good morning,Looking to acquire a 5 unit complex. Vacant property with some rehab required. My question. While doing BRRRR for 5+ units, how long after getting tenants in does commercial lending require before conside...
Changseok Kim
Michigan Foreclosure Redemption
Hello Biggerpocket members,
I have a question regarding foreclosure sale in Michigan. I understand that the redemption period is usually 6 months (depending on the status of house).
(1) Can the buyer renovate or f...
Jordan Vanherwynen
Payback Period Rule of Thumb
Quick question about Payback Period (PBP).1. Does anyone have any "rule of thumb" when using PBP? 2. Is it even useless when analyzing properties? If so, which types?Thanks, Jordan
Eric M.
Hypothetical Question re Foreclosure auctions
I asked this question of my attorney today and he wasn't sure. Said he had never heard of this happening. Wondered what any of you might think.
In my state, after you win a bid at Sheriff Sale, you wait a few weeks ...
Jorge Abreu
💰 The Power of Long-Term Thinking & Creating Generational Wealth
When analyzing potential investment opportunities, one thing you can't afford to overlook is projecting those sweet returns. Many syndicators, including myself, base their projections on a five-year term. This allows ...
Tami Y.
Agent buying houses
There's a real estate co. In my area that gets all the Freddie Mac listings. The listing agent purchases all the houses thats understand 20k under his girlfriends name, keeps them in the awful condition for the time ...
Ray Loveless
Rate and Term refi with spouse as lender
So looks like I just got a property from a wholesaler in South Utah County, Utah (He's sending me the paper work to sign now). I'll be paying cash for the property with a line of credit I have on a investment propert...
Kirk J.
Getting a Property out of my name
What is the best way to get a property out your name quickly? I'm considering doing a Quit claim deed to put the property under my LLC. This would only be for a short period of time(i.e. 2 months). Property has a mor...
Elliot A
How many offers are real and what separates ones that are accepted and not?
I recently contacted a broker about a property he was listing. It was decently priced and was a great rehab property. He told me the house was in escrow but that he had 50 offers on the house before that.
Firstly, I ...
Garrett Terrell
Cash Out Refi on a BRRRR Struggles
Hey everyone! Looking for help/advice. I’m in the middle of a rehab process right now on one of my BRRRR’s. The total rehab timeline will be about 3-4 weeks after closing on it. I already have a renter lined up and I ...