Cody Maxwell
SPEC homes line of credit
I currently am building spec homes in a rural area in Colorado and have been self funding the spec builds. I am looking into getting a SPEC line of credit for 1MM or 1.5MM. Each project cost is around the 400k market ...
Clint Jusino
What steps would you follow to do a Rehab on a rental property you have just purchase
Hello BP Fam! I'm under contract on my 2nd rental property. This will be my first rehab project and I plan to BRRR this rental property. I would like to know if anyone has experience with this and what steps would you...
Sean Starkey
Refi primary residence for investment for payment
How many out there have refinanced their primary residence to get a down payment for their investment property? We have had our house since January of 2021. Homes around us are selling for low 900s and we have 647k re...
David Zheng
Appraisal much higher than Purchase. What would you do?
I purchased a multi-unit for 400k at 20% down on a commercial loan. Appraisal comes back at 500k. I'm a buy and hold investor and I think there is still room to renovate and appraise it even higher. What should I do? ...
Jalen Henningsen
Great Markets for Young Aspiring Real Estate Investors.
As a young aspiring investor, I want to move to a city that will offer the most potential for me. I currently live in Iowa and am pretty open to moving anywhere. I wanted to ask the community their thoughts and perspe...
Alex Bowen
First Time Home Buyer - Why NOT use FHA Insured Loan?
I'm a potential home buyer who is looking for a property to purchase as a residence. I have not yet talked to a mortgage broker on the availability of an FHA loan. I have, however, asked the advice of people in my ...
Brian Ellis
Trust Vs LLC & S-Corp
Ive been trying to research the pros and cons of each. It is really confusing.I spoke with my lawyer, and he suggests putting my rental property into a trust.My goal is to buy and hold very long term (sell when it mak...
Kerry Neal
Buy or not
Hello, I am new to investing and I have 3 REO's that I am looking to purchase.
1. 695K - cost, 150K - repairs, 900K - CMA
2. 330K - cost, 35K - repairs, 430K - CMA
3. 395K - cost, 50K - repairs, 460K - CMA
I may ...
Travis Russell
Rehab Budgeting in Chicago! Compiling Actual Costs/Guidelines
Getting started, there are always so many questions! I tried to find a list of "estimated" costs for standard rehab projects but I haven't found anything that is very comprehensive. What I'm hoping to create is a...
Pat Fran
Vacant lot in Las Vegas
I just picked up a vacant lot in a desirable area in Las Vegas which faces a golf course.Purchased for 10kHas a nuisance lien from the city for 27kLot has all the utilities there. Used to be a home that got on fire an...