Jeb Brilliant
Buying Investments in Belize
Hi All, Has anybody made any purchases in Belize? I'm looking at a hotel development where I would buy a unit and the hotel would manage it. Does anybody have any experience with that kind of thing? Any experience wit...
Samuel Liapis
My Lender/Agent Says I need 25% down
Hello All,I am trying to start investing with the BRRRR Strategy. I am looking into private lenders but my Lender/Agent says he's never heard of a lender giving you 100% purchase and rehab. I bought the BRRRR book and...
Ishmael Lopez
Are all hard money lenders this bad?
Kiavi changed my appraisal 3 times and the last time was 5 weeks into it, I of course walked away. Lima one wasn’t transparent with their processes, and I just heard finance of America is getting pretty bad. Are these...
Cameron Hodge
Experiences of using a VA loan
Hello Biggerpockets!,I am mainly starting this discussion looking to see what my fellow veterans on this site have for VA loan experiences. If you have a success story or something you are proud of in terms of how you...
Nillion Lambert
Are there any EMD Lenders?
Hello BP,I am reaching out to inquire about EMD lending. Are there private money lenders who fund EMDs only? Trying to research available options where the effort exists, offers are being accepted, but the credit situ...
Kenneth Williams
first deal fourplex questions
So I'm currently in the process of purchasing my first deal! A fourplex here in San Antonio for $108K (Owner wants of the rental game). My intentions are to perform the Brrr strategy so I will also be borrowing an add...
Mark Gallagher
Diary - Buying a non-performing note NPN from start to finish
For the past few months, years perhaps, I've been trying to soak up knowledge in the area of note buying. It has been especially intriguing to me since my partner and I handle a large volume of foreclosures and I get ...
Mags S.
Processing Rental applications
Hi BPs. I am renting a sfd after a long hiatus. I have received a great deal of interest and so how do you handle processing multiple applications? (I'm using BP rental app). If you receive several apps, do you run ...
Benson Gee
Needs tenant to pay rent!
Hey everyone! Times are looking little rough right now for a lot of people. But for me? I am in contract with a home that seems to be a deal I’ve been looking for. This will be my first investment and with time like t...
Blake Ramsey
Trying to understand the numbers
So here’s an example Brrrr just to see if I understand how the numbers work.
House valued: $100k
DP: $20k
Loan: $80k
Rehab: $20k
ARV: $160
Refi: $160k * 75% = $120k
Cash out: $120k - $80k = $40k for next deal
...