Kyle Grimm
Where do you shop? HOME DEPOT vs MENARDS vs LOWES - Benefits?
Hi everyone I was just looking into signing up for the Home Depot credit card yesterday (which I found doesn't have that great of benefits) and I started wondering.. out of the three biggest box stores (Home Depot, Me...
Juan Diaz
The Difficulties of Airbnb
I decided to write a column about my own experience putting some of my investment properties on Airbnb, so that you too can learn from my mistakes, understand what a good rental requires, and learn some of the horrors...
Mark Senecal
Turnkey Property in a Self Directed IRA
Hey BiggerPockets,I have retirement money in a few places but they are mostly stock based. Lately stocks have not been performing that well. In an effort to diversify I would like to invest in real estate. Turnkey ...
Anne Whalen
Lots of property equity: Debt to Income Ratios
Hi BP Bay Area community. New investor here. I am trying to figure out the best way to leverage lending to buy additional properties. I have 2 properties with lots of equity (estimated: 800K). I looked into convention...
Ceary Williams
1st driving for dollars now Yellow Letters
I took some action over the last couple of days and drove around my neighborhood looking for abandoned houses. I found 20. Yesterday I went to the tax assessors office to get a much info about the properties as possib...
Roy N.
Surprise!! A renovation retrospective of an 1100 ft^2, 2-level flat.
IntroductionThe saga started almost a year ago (September 2014). The relationship with long-term tenants we inherited two years prior had been sliding sideways for some time - their unit was the only one we had not r...
John Thedford
Private Or HML--What Could Go Wrong-And How To Qualify A Borrower
Hello all:I posted a couple weeks back about a recent HML I completed. There were several replies that I really enjoyed and I got different points of views, etc. One poster stated something to the effect "don't mistak...
Ken Rishel
A New Danger
The Proposed Regulatory Prudential Standards for Non-Bank Mortgage Servicers put out by the CSBS could put all small lenders who are financing purchases of manufactured homes out of business in states that adapt these...
Brian Anderson
Explanation of Hard Money to Conventional Loan
Can someone explain how you go from a hard money loan to a conventional? I found 2 shells next door to each other that need complete rehab for $30k and 70-80k in repair. This property will be considered commercial ...
Mark Maire
Wholesale Process
Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...