Ravi P.
GC margins?
We bid a renovations project to 3 GCs. I have only received 1 response so far. But the GC accidentally sent me a breakdown of his subs cost associated with the project with his mark up 45% plus a 5% kick back fee to...
Bernie Williams
Buying first rental
Dear BP,
My wife and I have recently acquired a HELOC and are considering using the funds to pay off some debt and make a down payment on a property. However, we are unsure whether to invest in a turnkey property or...
Felipe Carrillo
Lenders for multifamily investment (4 units) in Houston
Hi BPers,Looking at a multifamily property (4 units) that needs a considerable amount of repairs (~50k). Does anyone know of a lender that is willing to lend for the repair costs as well as lending for the long term, ...
Julie Muse
6th St E Triumph: Big Profits with Adbi Nur in St. Paul!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $135,000
Cash invested: $62,000
Sale price: $265,000
Partner Driven, in collaboration with Adbi Nur, successful...
Sean Harper
Newbie Financing Advice
Thinking about making the first purchase:roughly $90K sale pricePlan to purchases with 100% Home Equity Loan 7% interest only for 12 monthsInvest $20-30K in renovations (using 7% interest loan)Anticipated value $150KT...
Eric Mcginn
How to use equity to fund new development.
I have a duplex in Maine that I have a ton of equity in. It also has a mobile on the property, all three units are long term rentals. I want to use that equity to get a loan to pay for a well, septic, and mobile home ...
Jimmy Lynn
Budgeting for Your Property Rehab: Tips and Tricks for Keeping Costs Under Control
We get asked this question a lot. Here are some things to consider. Define Your Budget: Determine your overall budget for the project. Consider factors such as the scope of work, materials, labor, permits, and contin...
Ray Hutchinson
Contracting on Rental Properties
Hi everyone I am new to the BP community and REI. When it comes to home renovations for fix and flip or fix and rent would you recommend hiring contractors or doing as much of the renovations yourself if you have the ...
Justin S.
The BRRRR Method...what are the rules?
Hey everyone. I have a question/situation that I'm hoping I can get some guidance with. I bought my house in 2015, with the intent of one day turning it into an income property. I put 20% down to avoid PMI, with the h...
Reggie Nworie
Dutch, Non-Dutch, or No Monthly Payments: Which repayment option is best?
Introduction:
In the world of investment real estate, there are many different ways to finance a fix-n-flip or fix-to-rent project. Those who choose to utilize the benefits of private money know that there are m...