Anthony Friday
is it enough? or keep grinding?
I have been kicking around the idea of rental properties for about a year and some change now. I had a couple goals i wanted to meet before diving in though. well, goals met. i currently have about 10k saved up and mi...
Michael Dickey
NEW INVESTOR HOUSE FLIPPING QUESTION
Hello, I am brand new into real estate investing and I want to get into rentals. I good with my hands and so willing to take on something that requires a bit of work to get into shape. I understand the 1% and 2% rules...
Tara S.
1st home also 1st investment / Live in Flip
Investment Info:
Single-family residence other investment.
Purchase price: $98,000
Cash invested: $25,000
Sale price: $305,000
Contributors:
Justin Sullivan
We wanted to get our o...
Sarkis Boyadzhyan
Can anyone explain the concept of BRRRR?
Made up example:(Using a private lender)Purchase price= $60,000Repairs= $15,000Closing costs= $4,000ARV= $120,000Loan amount after refinance @ 75% LTV= $90,000Closing costs/interest after refinance= $6,000What was the...
Moshe Eisenberg
Hard Money or Equity Partner
Hi guys,
I'm in contact on a rehab deal and I'm contemplating if I should go with hard money or rather with an equity partner.
The basics of the deal is
100k purchase price.
25k rehab.
180 ARV.
This should be a...
N/A N/A
Cash Out Help
I am dealing with a REO property. Appraisal is 150,000 but all of the comps sell for about 140,000 or less. The home needs 12,000 to 20,000 in rehab to get it back to life. I am preaproved for a loan but the down pa...
Phillip Mazur
When do you hire help?!?
I purchased a 4 unit building a couple months ago... Numbers seemed excellent but, of course, going well over budget with improvements. I am doing all the work myself with the exception of roof and boiler. Here are th...
Bogdan Naescu
Wood deck vs Composite deck
Hello BP community! I'm in the process of rehabbing a house in Kingston, PA, which has a beaten down wooden deck that requires replacing (top cover + railings). I am seeking advice on weather to replace it with pressu...
Rob Strickland
New Construction Budget for 3 Unit Multifamily in Cleveland OH
I bought an existing 3 unit property in Cleveland OH along with the empty lot adjacent to it which I'm looking to build another 3 unit, 1000 sf per unit multifamily on. The properties are located in the neighborhood ...
Carlos Oliva
Refi or Home Equity
When starting out, but owning an entire property outright with added improvements, would it be better to cash-out refi or get a HELOC?