So I know with the BRRRR strategy you start off with either your own capital or borrowed capital until you can refinance. My question is how many times can you refinance. Is there a cap to how many loans you can have?...
Hi everyone, I found an owner willing to be the bank for me for 95% (only 5%down ) in a simple loan of 4.25 percent interest for 5 (maybe even 7 years) but then the balloon pops and I owe him the entire asking price. ...
Hello all,My wife and I are working on finding the right fix and flip project in the Inland Empire in California. We got into flipping last year when we renovated and sold a family home and realized a decent profit. O...
Do you guys typically ask for credit for repairs that need to be made on a property you are trying to purchase? If yes, how bad does the particular repair need to be (in dollars)? Or do you guys use it as a tool to ge...
Hello BiggerPockets - I am rolling over an IRA into an SDIRA to use for Real Estate investing. I have a demanding corporate job that leaves me very little time or energy at the end of the day. So I need something pa...
Welcome fellow BP Compatriots! I thought I would share my brief, hopefully insightful, dive into real estate and financial markets.
Today I'm talkin’ the topsy-turvy mortgage market, consumer sentiment, Mayo lattes?,...
Ok so I think I finally found an ok deal to get my feet wet. Here are the numbers:
Purchase price: $71,000.
Monthly gross rents using conservative rental rates for the area (potential, currently vacant): $1600.
Rehab...
BP Community, I have been a long time lurker on BP. I love the BP platform, it's an amazing community that has been built.I think I have listened to over 70 podcasts, and hear week after week where people have done 5...
Hello Everyone! My name is Mark and my wife and I recently relocated to Orange, CA from Philadelphia. I was recently turned onto BP and I am loving the wealth of knowledge which exists on this website. We are curre...
So I am 64 and getting ready to retire at 66 or 67. We are really interested in Florida. A condo or townhome.
But here's the issue. Our current home is underwater. Sure I made a mistake of buying at the pe...