Kristy Pedersen
Fix and Flip in Philadelphia Cobbs Creek Area
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $60,000
Cash invested: $92,000
Sale price: $230,000
Found this deal through a wholesaler. Ended up purchasing f...
Robert Buck
Quit claim deed help
Need quit claim deed advise. So I got a property under contract that we are going to flip. We did not have all of our paper work ready for the LLC at the time of sales contract so I put it in my personal name. It's...
Nolan Mahoney
DTI is too high after buying a house?
Hello, this lender at gaurenteed rate says my DTI will be too high AFTER i buy this SFH (with FHA) that i will turn into a rental later. Ive always known your DTI has to be below 50 when going to apply for a morgage b...
Greg Wilding
Turning Single family into a Duplex?
Occasionally, I come across deals of a single family residences that could be turned into a duplex really easily. Has anyone had experience doing this, is it a good strategy and what are some of the concerns to cons...
Daniel D.
Structuring a private money + hard money deal.
Hey Everyone, I have a few multi-family properties that im working on purchasing at the moment, but im trying to minimize the cash I have to put out. I have a few private money lenders that will lend me the down payme...
Ben Sturgill
Long term rental refi product
HI all, My partner and I are looking for a long-term rental refinance product for single-family homes. We have been doing a lot of flips with a LOC and hard money for the down payment. However, we plan to start retain...
Paul Magda
Wholesale opportunity? or flip
Hello all,I am a solar sales rep by trade but have been fond of real estate investing for years.I recently went out prospecting and found a VERY dilapidated home that needs a complete gut/remodel. It is a 3/2 1290sqft...
Paul Wachtler
Expanding Our Atlanta BRRRR Network
Hi everyone,
My wife and I are investors in the metro Atlanta area. We're beginning to analyze properties to BRRRR and are getting ready to put in offers. We're looking to meet and team up with others in the area i...
Emilio Attardo
Seller Concessions/credits at closing/max % of purchase price allowed for concession
Hey BP, Scenario: I am Purchasing a home with a hard money loan. We went under contract with the following assumptions:Purchase: $91,000Rehab: $64,000ARV: $215,000ARV*0.75= $161,250$161,250 - $64,000 - $91,000 = $6,25...
David Zimmer
Refinancing without adding value
If I were to put 20% down on a property and then refinance shortly after with no significant changes to the home, would I only be costing myself the closing costs of the refinance? I know the BRRRR strategy usually in...