Leather Nix
Funding Options for a Single Family Home
First of all, this site is a wealth of information and I'm really impressed with how helpful everyone is.Now to the question: I've found a property and negotiated a deal. Paying $55k for a house valued at $75k. No wor...
Reginald Silva
capital reserve requirements for underwriting
Does anyone know how much money an underwriter looks for in reserves when underwriting a loan? I am closing on a $650,000 home in 25 days. My all-in cost is $19,500 which I have currently and I am considering taking a...
Account Closed
Multiple 'de minimis' safe harbor elections?
Good Morning All! Two questions actually.First, is the 'de minimis' limit for an individual landlord $500 or $2,500? I read Amanda Han and Matthew MacFarland's book and understand (or interpret it anyways) that the li...
Thomas Bernard
Buying : How to do as an International Buyer ?
Hello,
I want to buy a house at FLint or Toledo.
How I do to buy and send the money ?
I mean, I know the email of the seller, He is ok for selling and ask for cash.
So I go to my bank, send the money and that it ?
...
Derek Pigulski
Networking on the Emerald Coast FL
Good evening BP! My wife and I are new to real estate investing. We are off to what I feel is a really good start. I'm currently active duty military stationed at Hurlburt Field, and I truly love this area. We've got ...
Wes Johnson
CAN I FLIP OR WHOLESALE THIS DEAL IN YOUR OPINION?
Hi BP, I'm a newbie investor looking for some guidance from our Dallas-Fort Worth investors. I have a meeting with a homeowner and here are the numbers. ARV: CONSERVATIVELY $290K (RICHARDSON TX)REPAIRS: $20K (FOUNDATI...
Brandon Dean
How would you close on this deal?
I am currently looking to purchase a few pieces of raw ground and am looking for some insight on how to close on the properties. I am looking to get these prior to a tax sale from an out of state owner and they are j...
Account Closed
Will bank’s refinance a property that’s held under an LLC?
I’m interested to know if I were to use the BRRRR strategy and purchase a property under an LLC, when it comes time to refinance would the bank lend me the money or will there be an issue due to the fact that the prop...
Chad K.
How to start investing in mobile homes?
After listening to podcast 75 of mobile homes by John Fargo I wanted to start investing in mobile homes in an close to the Charlotte, North Carolina area. I currently wholesale traditional single family homes but have...
Mindy Jensen
No Estoppel Statement?
Looking at a Triplex today, the listing agent said they don't typically give an estoppel statement, they just provide copies of the lease.I've never purchased an occupied property before, and everything on BiggerPocke...