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I'm a BRRRR investor with SFRs, but I'm seeing a lot of old buildings built around 1900 that are vacant, structurally sound, already have utilities, and are dirt cheap. I'm seeing these in the small towns that are fr...
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Hi All, So this is my situation. I got an amazing deal on a 3 unit that can actually legally be turned into a 4 unit Purchase price 137k and it needs about 40k in work. Home run. We were two weeks away from closing an...
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I have a small (700 sq ft) 2 bedroom SFH short sale with a negotiator in place. Selling price is $55,000 with a ARV of $80 to $90,000 with $5,000 in rehab costs (max). Income potential is $12,000 annually. I'm lookin...
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Would it be practical to have profits from rehabbing projects and wholesale assignments all under one entity? Or do these two fields each require their own company?
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Hi, I am buying a house in Richmond Virginia that I plan on using as a second home/seasonal home. I will stay there about a week or two a year and list it for short term rental the rest of the year. I am trying to get...
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Can you tell me if I'm understanding BRRRR?I have a SFR that I have had for 4 years with a 15yr mortgage with a tenant that I bought for 100k. Some reno's have been done. Payoff is 60k. If I cashout refi for at 80%...
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I'm leading up to the closing on my first flip (details on this to come later).I'm in the process of getting quotes for the work to be done. I've gone through the property, laid out all the work I want done. I am aski...
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Hey everyone,So as the title says, I'm planning on purchasing a 3 Bd/2 Ba SFR to house hack right next to Lehigh University in Bethlehem PA. I'll be getting an FHA loan, attempting to rent out a couple of the bedrooms...
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This is a debate that occurs often in the 50% rule.
Some argue that with owner paid utilities, your expense ratio could very well be much higher than the average 50% while others argue that the rental rate increase fo...
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Hi all,Nice duplex, stirred up some wasps when painted the exterior. Downstairs tenants say husband is highly allergic. So I throw them in a hotel for the night till I can get the exterminator there the next morning. ...