Hi there! I am looking at long distance investing in a vacation rental house. My parents are willing to manage it on the ground and I even have 100% financing including rehab costs from a private third party. I manage...
My mom has $23000 left to pay off on 12 residential units in the Chattanooga Area. Once that loan is paid off we will free up another $1200 per month. They are two 4 plexes (each of which need new roofs, gutters et...
Hello again,So I own a unit on the second story and my tenant (who is being removed and moving August 3rd due to non renewal of contract) has broken their toilet twice.Water has flooded from my powder room into his po...
(ARV x 65%) - Repair Costs = Maximum Allowable Offer. What do you do if the math makes the MAO so ridiculously low that the previously "motivated" seller becomes not so motivated? Example: ARV $162,000 X 65% = $105,...
Just when you think you've heard it all....On Easter Sunday one of our elderly tenants was enjoying the good weather and had his front door open. A woman who he had never seen before walked into his apartment and went...
I had another quick question. I was wondering how else a developer gets paid from a real estate development, other than selling ownership. I was reading about Donald Trump and how he was paid management and constructi...
Hi fellow TX investors,Please keep in mind that I am not a contractor or engineer (so if I am not making sense, I apologize)I own multiple SFH's in the greater Dallas area, and I have been having issues with one of my...
Hey, Bigger Pockets Family!I am just getting started in my real estate investing journey and working to lay a solid foundation in wisdom and knowledge. I believe it is wise to develop a general (if not thorough) under...
I had a great time meeting some new realtors and lenders from around NC today while we were out. Found some new lenders we never heard of and even connected with another investor who is doing his first flip. However,...
Hi guys,One of the things I've been trying to find the answer to is how to "read" a market. For example, I live in Austin, TX. Everyone tells me the real estate market here is "hot". That some 600+ people are moving i...