Mackal Smith
Refinancing woes in St Louis
I bought a duplex in need of rehab for 49K using my $63,000 line of credit. I paid cash from the LOC then painted, reworked kitchens and baths, turned the upstairs unit from 1 bedroom to 2 by adding a closet and closi...
Carrie Giordano
Making 100% Leveraged Deals Cash Flow & the 2% Rule
Since Finding BP I have a new love for analyzing deals. Before BP, I found deals that might hit the 2% rule and seemed to have good cash flow. However, now I am looking with much more scrutiny. For example, now I am a...
Andrea Thurau
Newbie investor in Cleveland, Ohio!
Hello Bigger Pockets!I am a newbie investor in the Cleveland area and am hungry for knowledge! I have returned to the Cleveland area after attending grad school in Pittsburgh, PA (don’t hold it against me) to be close...
Dan Bee
What would you do with $25,000?
Let’s say that you had $25,000 and you wanted to invest in real estate somehow. But there’s a stipulation. You can’t use any additional monies i.e. partnering up, financing, etc. What would you invest in and how would...
Curtis Lewis
Does Appreciation Add to Equity in a Refinance?
Let's say I buy a home for 100k with a 20k down payment. A year later that same home is now worth 150k and I have since put 10k into the principle on the loan.Would I now have 80k in equity?If i refinanced, would i be...
Robert McConnell
1st fix and hold - How did I do?
Greetings,I wanted to post the results of my first fix and hold. The property is a two family in Albany, NY. Each unit has three bedrooms and one bath. It was vacant foreclosure at the time of purchase. I used a HELOC...
Account Closed
Bought my first property
Hey BP,
I bought my first non-rental property; which the wife (future teacher) and I (current teacher) call home. It's a brand new condo in a brand new development next to a brand new elementary school. We ...
John Brinkos
Apartment to condo conversion
Is there anyone in the Hampton Roads (Norfolk/Portsmouth/ Virginia Beach area of Virginia) area that is enjoying success converting small multi's (4-8) or small apartments into lower density condo's? I am interested ...
Thomas Handy
It's September already, what have you done lately?
Last month was busy for me since I'm in school but I did get a few things accomplished.
I wrote about a real estate meeting that was held in Kansas City, Missouri and had a great time making contacts and meeting some...
Robert Freeborn
No, that is NOT a great deal!
Am I the only one who is tired of seeing these "deals" in the market place, or from other sources, advertising "amazing deals" that have barely any meat on the bone?I suppose this is mainly an issue with wholesellers,...