Calvin Lipscomb
Do Lenders Really Know The Overall Real Estate Market?
My group is just starting out on our real estate venture. We are currently seeking financing for a Chicago 6 family unit that is currently rented. We are purchasing the property all cash (we discovered that this can...
Joel Rodriguez
Advice needed - bad credit and collections account but GREAT deal
Hello everyone!!Many of my past mistakes now are holding me back from my leap into the world of real estate. I have found quite the passion for the whole "rehab & rent" vehicle and have found such a great deal and...
Christian Cambridge
Strategy for Analyzing an ADU
Greetings all,
I’m considering a home renovation loan to convert my garage into an Accessory Dwelling Unit (ADU). The loan will change my current interest rate, so I want to make sure that the return is worth doing ...
Michael Roetzel
Deal Analysis - 5plex
Looking at offering $400k on nice 5plex, remodeled 2017. There are a few relatively minor fixes, but not expecting anything major. It could use some better landscaping; if I wanted to do that, that would be the major ...
Vanessa Burgess
What should I do ?
One of my direct mail letters was received and the son of the owner received it. He doesn't live in the state or doesn't know the condition of the property so he is referring me to his sister who does live in the stat...
Bab Adetiba
Likelihood of bank financing in sub $30k market??
What's the likelihood of a credit union or bank lending for property under $30k? I am familiar with an FHA and the 6-12 month owner occupied living condition and the 403k which includes rehab cost but do they generall...
Lucien Perreault
Financing the next deal
Good Evening BiggerPockets,
Last year I bought my first major rental property with my VA loan in Roscoe Village, Chicago, IL. The property had already been rehabbed for the most part but was not fully occupied. I hav...
David L. Rhoiney
Starting out in Hampton Roads Virginia
My wife and I recently moved to the Hampton Roads area in VA. Upon moving we became accidental landlords with our house in Michigan. After observing the amount of cash flow it generates, I’ve now caught the real estat...
Nathan Park
How much should I renovate a rental property?
I am about to buy a SFH to rent out. It is a bit dated and will need some work to look ready for future tenants. However, I am struggling to understand what work is worth my time and money. Do you guys have any advice...
Account Closed
Fix & Flip vs. Build & Flip
Hello All,Does anyone on here prefer to build and flip the new construction?The market where I live has become extremely tight, I started flipping homes and slowly had to shift my business to buying spot lots to build...