Chris Pelletier
I think I found a winner!!
We found a 2 family property asking 115K. We will offer 85K and keep out fingers crossed he accepts. We have spoken to a contractor, for rehab. His estimate is 70K, that includes turning it into a 3 family and add...
RJ Dixon
10k about to be lost because of lender
Hello BP world ! Name is Rj just started getting into real estate investing. I am currently working on my 3rd deal but never thought this would happen. I am currently working on a triplex that we put 10k in ...
Jonathan A.
Buying a distressed apartment with insurance policy
Hi. I would like to know my fellow CRE investors of what u think. We are in contract of this apartment building in Kansas City, MO. 6 units, needs a total rehab/rebuild. Fire sale. Previous owner claimed 150k from ins...
Virginia H.
HELP! Bank won't loan unless move-in ready
I have come across what may be a fantastic opportunity for a flip ( **I HAVE NOT YET LOOKED AT THE HOME SO I AM NOT CERTAIN ** ) ... purchase price and rehab costs come in around 66% of resale value and the average ti...
Jon Hilfiger
HELOC for down payment?
Has anyone used a HELOC on their primary residence to finance their first biggish deal? I found a decent deal that works with a 20-25% down but when I factor in paying back even the minimum on the HELOC (1% of outstan...
Daniel Chang
Old house vs New Development?
Hi everyone!My dilemma is, buy an old house (BRRRR) or buy a brand new home and rent it.I know, it will broadly depends on my goals. So, here are some cons and pros I can think of:PROS:- Old house can be cheaper, spec...
Jason Brown
How I lost 25K. Distracted and Frustrated Newbie
Hey BP,Forgive the lost post. So this just happened. I'm an investor based out of Miami and am currently in the middle of my first buy and hold deal which is currently under renovation with the hopes of making it a su...
Zak Blechman
Which FACTS are Most Important when investing in Multifamily
I’m taking the advice of those around me and starting with a Multifamily 4 unit in CT. Hey BP COMMUNITY,I want to begin my journey in CT because I know the area and I can use this investment to help my nearby family w...
Melanie Jones
Real estate agent and cheap homes
Hi bigger pockets world, this is my first post. Yay me! Lol. I’ve been wondering for a while now how willing real estate agents are with helping you buy a property that’s 50,000 or below? I’m a registered nurse and I’...
Sardaruddin Mohammed
Single family house vs multifamily
I am a new real estate investor in Tampa florida, I have completed my first BRRR deal and got 80k in a heloc. I am looking for my next deal and I like to know if I should go choose the route of SFH vs Multifamily? ...