Nicholas Spinazze
BRRR for New Construction?
Can the BRRR strategy be applied to new construction? It seems like you would add value by building similar to how you add value by rehabbing. If so how could I use the bigger pockets BRRR calculator for our situation...
Account Closed
1031 to lower priced possible?
Hi BP, is it possible to 1031 exchange an sfr to another sfr of lower purchase price, yet include rehab costs within the 90 or so days (can’t remember the time limits) to make it cost more? This may be a common quest...
Patricia Urcuyo
Newbie New Build for STR Questions
Hi all,
Long time reader, first time poster. For context, I still consider myself a newbie but have had a couple rentals, done an EASY DIY flip, and now have a 2 airbnbs that do well in Baton Rouge, LA. I've now purc...
Will Gaston
Do You Think My College Students Tenants Busted this Floor Joist?
All:My handyman just called me and said that a floor joist was split underneath one of my college student rentals. Five guys live there and had friends over for the Super Bowl on Sunday night. They claim it was only "...
Daniel Coblentz
Help me analyze this deal! 46 Units - Am I missing something?
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi everyone. I just started using the BP Calculators in the last week and I plugged a few...
William Coet
Will a Bank Negotiate a No Mortgage Assumption Policy?
If the bank states that they do not allow their mortgages to be assumed, is there any room to negotiate by offering them a one-time upfront payment or offering to have the loan interest rate to adjust up slightly?
Daniel Netzer
203k FHA construction loans - and use cases
Has anyone used a "203k FHA construction loan"? I am curious to know how it works and what the rate is relative to the typical FHA-conforming loans.
Spencer Wayne Whitley Jr.
General Contractor looking to finance new construction
Just a brief rundown on my situation. I currently own a commercial general contacting company. We have built a few custom homes, however new construction residential isn’t our primary source of revenue. We have been i...
Colby D Hollins
Appraisal came in low on a 203k loan...now what?
Hello BP members,So I am about to close on my 203k construction loan; however, my appraisal came in lower than what I needed it to be at.Details:Purchase price: $105kRehab + contingency: $100kLoan amount: $205kDown pa...
Jesse Englund-Rohlf
Are ADUs in the Denver Metro area worth it?
Hey Fellow Denver investors!
I'm thinking about putting an ADU on a future single family home as part of my wife & I's house hack strategy. Has anybody out there successfully pulled one off? I've heard that the...