I apologize in advance, this is going to be a little long. I hope it’s worth the read!I’ve seen many a success story on the forum that was pretty impressive… 100 units in 2 years and such. My story is a little more mo...
I know this question is fairly subjective, but assuming you got your entire initial investment back, including closing and holding costs and the property was only cashflowing 300-500 bucks after accounting for mortgag...
Hello BiggerPockets community.
I bought my first home about two months ago. I purchased a 1500sqft 3/2 wood home about two months ago. The property was REO. I purchased the property with 5% down at 225k and it appra...
I'm interested in investing in rentals and flipping houses but I first wanted to do my homework on the subject. When looking at foreclosures how do you figure out what kind of a profit you can get on the house your bu...
here's the deal:
He owes 68k
He paid 65k in 2004
Current Market Value: $50-55k
ARV: $65k-70k
Repairs needed: $10k
I'm thinking of making my top offer with the lender $35k. That would leave me with a $20k profit, ...
Hi all-
As retirement inches nearer, I'm finding myself spending a LOT of time on planning, and am determined to make our money work hard for us. We live in Dubai, planning to move to either US or maybe Brisbane, sti...
I'd like to hear from Idaho area flippers on amount of profit they are trying to get out of a flip. Has the "hot" market in the Boise area made it more difficult and you've had to lower your spread?
Hello, I am new to wholesaling. I know that an investor looking to fix and flip a property is looking to buy at 70% of ARV after repairs. Do investors who want to fix and hold properties for a cashflow look for t...
Below is a brief walk through of my journey in purchasing my fourth deal, a duplex in Pittsburgh. I made plenty of mistakes when I made my first 3 purchases. So, I just wanted to share my experience to help others. Th...
Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...