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New Jersey Investor!!!
I have recently purchased my first flip project in Point Pleasant, NJ and I am hoping to use the information on BP to make this a profitable deal. Hoping to network with other investors who might want to work on de...
Zach Whitt
How detailed should scope of work be?
How detailed should my scope of work be when I'm walking the house with a contractor? I had two contractors put together bids on Friday, but I did a poor job of prepping beforehand. My mistake. There was a lot of "Wel...
Tryston Erwin
First Deal Analysis Check
I am a new investor. I binge read Rich Dad Poor Dad and I have been fanatically listening to BP content on youtube for a month now. I plan to BRRRR my first deal and below are some of the data points I am using.This i...
Matthew Holland
Contract Question - Are Architectural Services Permit Costs?
Hi BP Team,
I have a question related to my recent bathroom addition & kitchen remodel. I hired a contractor for the project and we spelled out all of the different items that I wanted them to complete. Two of ...
Tobias Joneses
Rental property dti with multiple properties
I searched for answers to this topic but couldn't get any information. My question is simply if i own 5 rental properties and they each are cash flow positive. How can i get a 6th one? My dti will be reaching 50%. I...
Steven Silbert
Price of complete kitchen remodel
Very new to the game and am looking for some ideas as to how much a project like this might cost. It doesn't need to be exact, but I'm curious about the range. I have a split foyer in Howard County, MD. The living roo...
Richard Glen
being the lender on a mortgage
In Cook County Illinois.Can I do this?I am considering giving a loan to a guy that bought a two flat for cash and is stalled 1/2 way with his rehab for lack of cash. It will be a owner-occupied two-flat but he can't ...
Zach Ballou
When to penalize your contractor ?
So I’m coming to a close on my first single family flip and let’s just say the experience with the contractor has been less than what I had hoped for. Now he is expecting a payment of somewhere between $3500-4500 ( he...
Account Closed
Please Help: Residential to Commercial Rezoning + Hard Money
As a new investor, I don't want to believe a deal I've conjured will work without properly consulting the BP community first. Please consider the following timeline/information and let me know what I'm missing or if t...
Po Chan
DSCR Loan pegged on PITIA
Does anyone out there know if there is a DSCR loan that has its repayment amount based on cash flow of the property? I am talking about something like ARM loan, but instead of having floating interest rate pegged o...