I found a property I am considering putting under contract for 170K (from 184K) in a wholesale deal. The issue is the property has already been rehabbed. Yet, the ARV according to Zillow is somewhere around 300k+. But...
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Hey all. I'm looking for a place to live in a new location, and am considering purchasing a duplex I've found that's FSBO. I originally looked for a property to buy for several months, then resolved to renting, but fo...
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Today I received the keys toy first property. In July I made a goal to buy my 1st property before the 2022 ends. And today my goal is accomplished. I have gone through one loan approval, but failed, 2 maybes, and then...
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I had a friend comment that he wants to start wholesaling, but wants to start with big deals with bigger assignments. I honestly don't see any difference in wholesaling a multi million dollar house or a $10k fixer, t...
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I got a deal from a wholesaler which is locate at downtown Jacksonville,FL(32204). As I am newbie investor when i spoke to hard money lender he says that i can get for 11.34 % for 2 points and the closing costs will b...
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Hey BP fam!
Looking at a 3 BR 1 bath value add property and I was hoping to get another pair of eyes on this:
Purchase price 105k
-16000 down payment = 89000 loan
35k in repairs
52k all in w/repairs + DP
...
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Hey guys! Definitely need some brainstorming help with this deal. My partner and I locked up a property from a wholesaler and upon the initial walk through we anticipated a 60k reno. Now we’re looking at the reno bein...
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Hi All!
Has anyone recently purchased a multifamily property? What steps are you taking during the underwriting process to make sure you’re conservatively projecting expenses and income, especially with rates pushing...
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If you were in this market and could get this deal, would you take this deal?https://www.biggerpockets.com/calculators/shared/4...Thanks for all the help in advance...
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Hello BP,
So I'm living at home still with my mother, my grandfather is getting older and were planning on moving in with him. His house is dated and my mom wants to do renovations before we move in which will cost a...