Arthur Wong
Failed BRRRR in Dayton
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $18,500
Cash invested: $30,000
Sale price: $55,500
I recently exited a deal that I started back in November 201...
J. Brian Walters
First Deal Turning Sour
Hello Everyone,I trying to get started in the buy and hold rental property arena. I had what I thought was a good deal until the seller's started changing things.Basically I made an offer on two properties, being sol...
Michael Ardoin
Boots on the ground in TX seeking mentor
Hello All!It's great to be a part of Bigger Pockets! I've been lurking for a little while now, posting here and there, but I've decided an actual introduction would be a good jump-start. My name is Mike, and I am orig...
Jay J.
Some lenders are not ready to work with Investors
Recently was trying to do a cash-out refi on this property. And have been working with this lender for the past 2 months. Now I am so frustrated that i am thinking if i should close on this loan at all.1. This lender ...
Kris Pisacane
Property Under Contract and FHA Self Sufficiency Test Failed
Hey everyone,
I currently have my first property under contract in Philadelphia. This is a 4 unit property that I am using an FHA loan to purchase with 5% down. The house is set to close this Friday and I just rece...
Paul Stout
What Happens to the Security Deposit at Sale?
What happens to the tenants security deposit if I purchase a multi family building with tenants already in it. Do I get those from the previous owner? Do I have to factor that in as a cost of purchase? Is there a s...
Account Closed
Step by step Wholesaling -but is it correct?
I found this article on [REMOVED] explaining the four steps of wholesaling. Although it seems pretty legit, I had to post and get feedback.
[COPYRIGHTED MATERIAL REMOVED. POSTER IS DESCRIBING WHOLESALING]
Yay? nay...
Morgan Wallace
Purchase with cash then mortgage property
Good Evening BiggerPockets,I found a property that I think I can buy at a deep discount with cash. If I purchase with cash, then clean out all the junk and have it appraised, can I get a mortgage based on the appraisa...
Daniel Sherman
Our big lessons in a very non-traditional path
Greetings BiggerPockets community,We want to share our story and all the lessons we’ve learned and what we continue to learn along the way. We found ourselves frequently relying on faith that we can make this deal hap...
Michael K.
New acquisition horror stories
Curious to know if other investors have had experiences where they acquired a property and realized a huge expense that they otherwise did not expect or uncover during due diligence? Or if they knew about the problem,...