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Looking for my first rental and had a proposition from a friend trying to get rid of his. It’s a house he owned then turned it into a rental. Comps in the area are in the 175-185k range. He owes 130k but the house nee...
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Hello everyone. I am under contract on a duplex in a good area of Springfield, Ohio. Current rents are well below market @ $460 and $500 a side. The exterior of the property is in excellent shape but the interior does...
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Howdy - I've recently renovated an older home built in the 1800's. Has all new heating (Mini-split zone) and electric panel update (with permits and inspections) in NJ. I had no problem acquiring renovation/builders i...
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Hey guys, I want to hear stories from some vets whom have been in in a situation where the cost of a renovation for a rental has dramatically exceeded the budget.I started renovating one of my rentals and I am about 2...
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Hi guys!I just got a quad and an additional adjacent SFH under contract. Each unit is occupied, I believe on a month to month lease, or I'm assuming no lease at all (we'll find out more this week). All 5 units could...
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Hi all. Myself, significant other, and my close friend/business partner have been renovating his personal residence for the past few months with the intention of renting it soon. The title and loan is obviously in his...
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Lenders for renovation with or in a second lien position on a commercial property.Has anyone worked with a commercial lender that will do that?I have an opportunity to pick up a nice but unloved commercial property an...
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Greetings BiggerPockets community!
As a turnkey real estate investor and owner of a property management company, I witness a persistent misunderstanding around turnkey investments. Many investors attempt to handle ev...
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I'm still a newb, sigh ... I'm trying to insure a mobile home we're rehabbing and will be ready to rent out in about a month, and my insurance lady is telling me that insurance for it will be $300/ yr for $30K in cove...
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I was hoping someone can help me understand the process of BRRRing using a hard money lender for acquisition and then refinancing after renovation and renting. If I do not have a W2, am I still able to refinance into...