Here's another tip for working with hard money lenders. Anticipate the need for some money at closing. Don’t expect to be able to wrap all of the closing costs and fees into the loan. Even with a good LTV ratio, the l...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/297309/small_1621442528-avatar-jeffreyh6.jpg?twic=v1/output=image&v=2)
Hi everyone, I now have my first flip under contract! I'm really excited and if everything goes smoothly with the transaction then I should make a higher profit then I originally calculated and that would be wonder...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2304511/small_1695432809-avatar-geovanye.jpg?twic=v1/output=image&v=2)
Ill be closing on my first rental on Jan 28th. Ill be living there for a year then refinancing my va loan into a conventional to then rent it out. I hear investors only wanting to purchase a 1 property a year but then...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2295519/small_1694708568-avatar-mowafak.jpg?twic=v1/output=image&v=2)
I just turned 18 and I'm trying to flip my first house, and I have one problem and that's running comps. I was wondering if anyone knows the cheapest and most effective way to run comps? Thank You
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1888517/small_1621516440-avatar-jacquelynf.jpg?twic=v1/output=image&v=2)
It’ll cost me either $300 flying to visit my new investment property or 14 hrs of driving total. Usually it is not this bad and flights are cheap and my property is by family so I can visit them (so not looking for “y...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1914181/small_1621516648-avatar-codyl112.jpg?twic=v1/output=image&v=2)
Hi BP Family,Curious about a situation I may not be understanding clearly.If you purchase a Turn Key STR using a 2nd Home Loan (Vacation home 10%), how do you get your initial investment out? (10% DP + $10,000ish in n...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1498521/small_1702783312-avatar-jasonc600.jpg?twic=v1/output=image&v=2)
Investment Info:
Single-family residence buy & hold investment in Jacksonville.
Purchase price: $85,000
Cash invested: $160,000
Sale price: $240,000
Renovation adding bath and 2 additional ro...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/70923/small_1621414464-avatar-bookman60.jpg?twic=v1/output=image&v=2)
Hi,
I have a chance to get a 220,000.00 home under an option to purchase for 210,000.00 (Was trying for a lease option) and I am wanting to know do I make out the purchase contract at the same time or just the option ...
Hi,I am in escrow on a property and I am a new real estate agent. I am in the highest tax bracket in california. My lender told me that I cannot use my commission towards down payment. I can only use it towards closin...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/476771/small_1621478389-avatar-benp25.jpg?twic=v1/output=image&v=2)
I stumbled across a vacant house in my own neighborhood that is FSBO. The owner doesn't owe anything on the home, so I'm thinking this could be an opportunity to buy the property seller-financed. The house needs work,...