Jason Pachomski
My First Deal Might Be a Probate
Hey everyone,So I've been mailing letters to probates in my area (both to the petitioner and the attorney) and I finally got a lead. Got a call from the son of the deceased who is the administrator to the estate.Wonde...
Daniel B.
Clarification on how Cap Rate is calculated
Just to clarify, is the cap rate based on the purchase price divided by the net operating income or is it the purchase price + Closing Costs + initial cost needed to get property in rental/sellable condition?
For exa...
Maxwell Lee
HELP QUICKLY PLEASE! Advice on multiple offer notification. :)
Brand new investor, here. Although I'm in tune with my local market I never quite felt the urge to actually start investing in properties until very recently.
I had been scouring various resources for about a...
Jasen Ballenger
Two Rental Houses on One Lot - How to Calculate ARV for BRRRR
My wife and I are looking a buying a property from another investor that is a bit unusual. The half acre lot has a 3BR 1Ba house and a garage that decades ago was converted into a 1BR 1Ba house. The seller bought th...
Matthew Ware
Need a cash out refi that will count my rental income.
Hello Bigger pockets. I'm attempting to tap into the equity in one of my investment homes in order to buy a primary residence. I'm looking for a 30 year fixed cashout refi on a property that is owned outright. My sole...
Elad Messing
HELOC for investing-limit lower than expected. Continue looking ?
Hi all HELOC experts :)We are in the process of getting a HELOC for our primary, to be used as cash-equivalent to fund investments. After shopping, we opted for one bank however they just came back to us with the prop...
Samson Kay
My Agent just told me a 4 family owner occupied in Chicago is impossible to cash flow (if you don't own a flak jacket.)
Two trips to chicago, and 14 showings later, my agent dropped this little bomb on me.
"Given your commute and this market, a 3-4 unit building isn't going to cashflow enough to cover your whole "nut", you're ...
Megan Greathouse
Making offers without an agent?
I'd love to hear from investors who make offers without using a real estate agent. Did you just find a basic offer contract that you fill out and submit? Any pitfalls to making offers without an agent?I have a real es...
Duane Gunkler
I think I missed the boat on my first property :(
So I've been doing lots of reading, watching lots of webinars, listening to blogs and I found a property I was really interested in purchasing. It is a 4-unit property that I could either purchase and rent (all four ...
Jennifer Lee
how to present low-ball offers?
Hi BP
I've been an agent about 1.5 months now.
Quick background:
I'm a small buy/hold investor for 12 yrs, got my license bc I'm always looking.
And others has asked me to do flip projects for them.
Anyways, I hav...