Account Closed
BRRRR Strategy Explained & Cash-Out Refinancing
I've read a bunch of articles on BP but still can't get my head wrapped around the BRRRR strategies and specifically the financing parts of it... Could someone help me fill in the gaps?Obviously BRRRR stands for:B - B...
Udaya P.
PPI (Payment Protection Insurance) Policy ?
Can BP experts educate me on PPI policy ?How does this work ? Who does this protect ?How the premium is calculated ?I am trying to work with private lender and he needs me to buy PPI policy, before funding.Is this nor...
Tom Jones
Few questions
I currently have a few questions regarding wholesaling properties. Any help, advice, etc would be appreciated.
1. I understand how to determine what to offer a potential seller for their property (ARV x X% - repair...
Westin Hudnall
Using 401 K money to pay off my primary mortgage - Good or bad idea ?
My story : I'm 30. Fully vested with $55,000 in my 401 K . My primary mortgage has a balance of $35,000 left of my original $182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and w...
Kalei White
Would you buy your first rental property all cash or use leverage if you have 600k
If you had 600k to start in rental property investing, what kind of home would you go for? I will have that much available to me in one year.
To give some more info, I live in San Diego where you can find a 1,000-sq...
Derrick S.
Why would I ever become a HML?
I know that HML is a lose term, but I'd define it as loaning money for interest plus points once a deal has been verified. It seems like I could make a lot more as a professional JV, partnering in the profits 50/50 an...
Nick Troutman
Turn-Key Rentals- Good or bad idea? What are your opinions?
I want to get into rentals for some passive income, but I travel 6-10 months out of the year and cant manage them myself. I am intrigued by Turn Key rentals. Can anyone give me some of your personal opinions on whethe...
Joshua Aceret
Finding Fix and Flip Deals
Hi All, My brother and I recently acquired a home and are currently rehabbing it to flip. We would like this to become our full-time business in the near future. As I think about the acquisition process the greatest t...
Gina Kim
Starting Out While Living in a High Cost Area
Hi BP! I'm Gina, 30 years old, and live in San Diego, CA. My husband and I recently inherited a family home which we renovated and rented out, and are now looking to go deeper into real estate investing (mostly buy an...
Daniel J.
CapEx Thoughts for Small Multifamily
I'm currently looking at a duplex plus a detached garage apt right now and curious if any of y'all have thoughts on what I should allocate on CapEx. I currently have my numbers as $200 per door, per month, so $600 a m...