Ethen Armstrong
New To Investing - Looking for Advice
Ok, so I started listening to BiggerPockets totally on accident while driving to work one day around December 2019. Got hooked and since then I have listened to about 200 of the podcasts, I have a property under contr...
Aengus McMillin
Gut check my reasons for NOT getting started with REI. [Seattle]
Hi, so I am a new BP member, and I have been listening to some of the podcasts, reading the educational materials, and checking out the forum for the last few days. I'm interested in REI, but I'm not sure there would ...
David L.
First house with 15k? Suggestions
I have about 15k + 5k. 15k down + 5k reserves. However, if I choose to go no reserves, I can put 20k down.
I've read a few threads about reserve amounts and it seems most people are comfortable with 6 months PITI. ...
Dawn Curry
Use all of HELOC or just enough for down payment?
So let me get this straight... Hypothetically speaking you own Investment Property #1 that has $70k of equity in it. Obviously you are always looking for your next investment (#2). So with that being said, you can use...
Alisha Decoteau
Cash on Cash Return
What would you say, is the average percentage of Cash on Cash Return to look for in a Multi-Family deal?
Account Closed
Spec deal structure
How do these numbers look on a spec deal? Enough return to justify the risk in your opinion?Lot: $325,000Construction costs: $450,000Financing costs: $35,000 (est.)Closing & commissions: $40,000 (est.)BREAKEVEN: ...
Nick J.
How To Beat The Due-On-Sale Clause
So there has been some uprising in the discussion of Sub2 investing and the Due On Sale Clause.
Most recently, a blog post of mine titled: Attention: Residential Real Estate Agents
The topic of that blog post was t...
Nerissa Marbury
Using a Realtor for lease sign up / a la carte services (Virgina)
I would like to use a realtor to help lease out my rental property in Richmond, VA. At this time, I am not wanting on-going property management services.If a realtor helps a property owner rent out a property (i.e., m...
Ken Bradley
Phase 1 Environmental Site Assessments
Hello all! Wanted to throw up a post concerning Environmental Site Assessments. I am a recently retired Army Engineer and licensed professional engineer. Over the course of the last 10 years I've performed dozens of P...
Nicholas Munford
BRRRR Method With Cash
So I've been doing research on BRRRR and most of the people that do it take out 2 loans (to buy and then to refinance). And I was wondering if using cash to buy and then doing the cash out refinance and then taking ou...