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Hello all,
I'm recently delving into uncharted waters in financing and property type. All my past investments have been either on a primary or pure investment property using a single, fixed rate conforming loan. I n...
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Very first investment property. Let's say I'm buying a duplex for 350k. I might stay a little more conservative for a first property, but let's use this as a model for this question.
I have 40k in cash, reserving 10...
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I'm having trouble figuring out how to input the information correctly into the BRRRR calculator. I'm using a hard money personal loan. Here are the numbers:Fee: 9.9% of loan totalInt. rate: 8%Amortized: 7 years Ques...
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Hello BP Community,I have a small MF (triplex) property in Philadelphia PA. The tenants pay their own gas and electric but like most mf properties in the city, the landlord is responsible for water. Recently the water...
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I know it's been discussed at length, but I'm looking for more insight with regards to the business model that I'm considering. Here's the set up and the items that I think I have checked off:1- I've made my living a...
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having trouble with a very basic concept-any wisdom is appreciated!help me get my head around this concept -" leverage " for lack of a better word have 5 properties - 3 are paid for (worth approx 150k each) and 2 - I'...
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I've been following the BiggerPockets podcast for a month or so. Bought my first rental investment in August on the Oregon Coast, a duplex near my main 'residence.' I have been a shorter term consultant in internati...
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Hey everyone, I have a few quick questions.What is considered to be appropriate renovations for a FHA 203k? Could it be used to just update a old retro home that hasn't been touched since the 60's or is it for legit r...
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Hey fellow big pocket members,
First time home buyer here. I’m really excited about buying my first house in the Sparks/Reno, Nevada Area. I feel I may have come across a house I really like.
However, long story sh...
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We are just starting to flip houses, and have decided to go at it full time which means I retired from my old day job. We have some cash on hand to start with, enough for 3-4 all cash deals of typical size (for H...