Sai T.
Question for PA Realtor Residential Lease
Hello BP,Question regarding page 7 "If Tenant or Landlord has legal questions. Tenant or Landlord is advised to consult an attorney"line 219(Landlord) and 221(Tenant)When these lines need to be initial ? And what if n...
Account Closed
Using LOC to buy and cash-out refinance after seasoning?
If I were to obtain a personal line of credit to combine with my own capital in purchasing/rehabbing a property, how would this affect me when it comes time to cash-out refinance?
James Brand
South Philadelphia: Bedroom addition MFH
Hey all,Looking to convert extra space on a Multi-Family in South Philly into a bedroom. This conversion would allow the now 1 bedroom unit (converted from studio) to have private access from the exterior. The only is...
Sarkis Boyadzhyan
Can anyone explain the concept of BRRRR?
Made up example:(Using a private lender)Purchase price= $60,000Repairs= $15,000Closing costs= $4,000ARV= $120,000Loan amount after refinance @ 75% LTV= $90,000Closing costs/interest after refinance= $6,000What was the...
Christopher Vis
I NEED MORE RENTALS!! but.......
Hi everyone, my first post!My initial strategy was to buy a rental, rent out the rooms individually (separate lease per room), save as much as possible, buy another rental once I've saved enough, then continue the cyc...
Collin Emerson Miller
[fix n flip] Do you get an inspection first, then build SOW?
Hi, was curious if you always get a full inspection done to build a Scope of Work for a fix and flip. If so, have you ever gotten an inspection just to find out that the scope is too costly to make it a profitable fli...
Andrew Victory
New to BiggerPockets, New to Real Estate; Akron, OH
Hey Everybody!
I am Andrew Victory. I live in the Akron, OH area and am excited to join BiggerPockets and start my real estate investment career.
To let you know a little about myself, I am a 29 y/o father of 3 lit...
Arthur Banks
Reserves
How many months of reserves do you have on hand? Whether it be for after closing, finishing renovation, or for turn-over on a rental? I'm sure it would be great to have a tenant lined up to move in right away, but...
Lloyd Stein
Cost of loan vs BRRR
I'm a newbie and the other day I was on the phone with a mortgage broker and when I asked him about rehabbing and refinancing he told me it wasn't a smart move. He said the cost of the refi might end up eating up any ...
Marc Estepa
Newbie looking for help w/ rent/lease to own option - Washington
Aloha! My family and I are looking to relocate to JBLM Washington from Hawaii in the next few weeks. Our initial goal was to purchase a home immediately. I was pre-approved initially, but then inquired about my hom...