Charlie John
How do Hard Money lenders react to flips going over budget?
Hey BP,I am currently working on a fix and flip where the budget started at 80k before demo and figuring out what to do (old house with funky floor plan). Purchase was 80k. House is 3/2 bath 1800 sq ft. Reno budget is...
Guillermo Oyola
Bonus for contractor
What are your thoughts on giving a contractor a bonus for finishing a job well ahead of schedule and not going over budget? This is someone that I want to continue to work with and build a relationship. They also are ...
Brendan Lawrence
Eminem Made Me Scared of Detroit
Eminem made me scared to invest in Detroit.Not really. Ive seen some stats that've waived me towards the city though and Ive lined up funding to where its time for me to pull the trigger. I'm a full time contractor o...
Eric Helder
203k, HomeStyle, other Low Down Payment option w/ Peeling Paint?
Hi everyone,
I'm a 27-year-old young professional looking at buying my first house (owner-occupied duplex) in the Midwest. I have quite a bit of student debt, but a good credit score (750+) and high annual income. Af...
Courtney Murphy
Tell me about auctions
Hello BP Community,I am curious how people estimate rehab costs on an auctioned house that you aren't able to see ahead of time.Is there a formula? Exit strategy is rent or flip depending on what the market is doing w...
Samantha Otero
Calculating Profit Fix and Flip
Hi everyone!I'm currently looking for my first fix and flip property in St. Louis, MO. There are so many deals but I am struggling with calculating my profits using the BP calculator. I used the 70% rule formula, but ...
Ali MirRasekhian
$60k in Cash Looking to Invest
Hello all,I've been saving my commission checks from my W2 job and have been able to save up about $60k. I've been analyzing properties in Memphis around $100k with an ARV in the $135-$150k range. Initially I was lo...
Connor McGinnis
Help Needed - bank won’t turn power on during inspection period
Help!I have a duplex under contract and we are in the inspection period now. The inspection period ends in a week and we already had an inspector come out to perform an inspection on both units. This is a foreclosed p...
Mark Koontz
Loans from Deferred Compensation Plan (Retirement)
Good Morning, I have heard of people using their deferred comp. retirement accounts as temporary loans to fund rehabs, buy properties, etc. The terms are listed below: -9.5% Annual Interest; but you pay yourself the i...
Radaisy Ramirez
Best zip codes in Newark?
Hello All,I am from NYC and interested in purchasing property in Newark for passive income. I'm curious to know which are the best zip codes or neighborhoods in the area?Thank you in advance