Laura M.
SDIRA recommendations: want to purchase house quickly
My neighbor passed away unexpectedly. He was a lovely man, but a real slob, and I am trying to buy his house from his next of kin, a brother & sister who are not as eager to sell as we had hoped. The place needs a...
Brian Garrett
Line of credit for 5x your available cash
I've heard about a LOC a few different times that gives you 5x your liquid cash and/or assets.For example if someone had $100k in their savings account they would have $500k purchase power.Does anyone know anything ab...
Heidi Wallingford
REI anyone want to help walk through this with me?
Hello - A property I've had my eye on for a while just came on market in my area, it's bank owned. Back taxes are $16K. Asking $350K, 1800 SF; definitely needs $100K+ reno, really could use a gut reno, although roof l...
Krishnan T.
Advice on building up a System/technique for self prop mgmt
Hi BP experts and PMs,I am in the process of trying to close on a Rental duplex in Tampa ,Florida. I heard that self managing the rentals for a while helps build experience and truly understand what PM's face ,but I h...
David Hammill
Deal Analysis; Cash on Cash ROI 17%. Cash flow $263. Worth it?
Dear BiggerPockets Community,I'm looking for advice on this. I'm paying retail price because I found it on the MLS. I will be seeing this property Wednesday. Not sure how much wiggle room there is from the seller b...
Darrell Crosgrove
Newbie in Toledo... For almost 3 years!
Hi all!I have finally decided to take the plunge and start doing. So, I am on here, uploaded a picture, and discovered I first joined on December 31, 2015...Wow...Too much wasted time.So here I am, with my first post....
Tim Ivory
Fix and Flip using and OPTION to buy real estate, possible?
Option - In legal language, a real estate option is an agreement that grants the party owning the option, the optionee, the exclusive, unrestricted, and irrevocable right to purchase property from the party selling th...
Jeffrey A. Rose
Elapse time from purchase to rental
I’m just wondering what the average elapsed time from unit purchase to rental is for most fix and holds. I know it will depend on how much renovation takes place and the state of the rental market, but on average is...
Manny G
New Construction 50/50 JV?
A friend of mine owns a lot and wants me to build a spec home on it to sell and we split the profit 50/50. He works a full time job so I would be in control of 100% of the project. If he puts up the lot and gets the c...
Brie Schmidt
5000 posts – 4.5 years of BP
This is my 5001st post on BP in just under 5 years of being a member of this community. So I thought I would take this time to reflect on all that has happened since then.Before BP – I worked a 50+ hour a week corpor...