I just joined biggerpockets and am excited to post my first question. I have found a great property to rehab and flip. I am confident I can get an amazing deal on it. However, I have a problem...TIME! I have 10K in th...
I brought a house for $32,000 in cash. I put $10,000 in renovation. If I sell the house I know I can get at least $100,000. I was wondering is it best for me to sell the house and pay high capital gain taxes or take t...
Hi,I’m looking to buy my first short term rental and would love a bit of guidance. I truly appreciate anyone’s feedback!- Are there any loan programs or strategies that are better for STRs?- How do you evaluate an are...
From FaceBook I was approached by a Private Lender to fund my first Flip/Investment. He has forwarded his website and phone # and says he’s the CEO. Before “applying” and sending him my personal and financial infor...
BP community, Earlier last week, I closed on my first investment property, a duplex for 330k (25% down, conventional loan for 30 yr @ 4.875%). One unit is currently unoccupoed, and the other unit has tenants until the...
Pretend you’re looking to buy a property in Florida (or wherever the market works similarly enough for this question to make sense) and your budget is $1.5mm. Would you:
Option 1. Not use a buyer’s agent at all, just...
Hey everyone, I am trying to do a cash-out refi on my first BRRRR deal and am having serious issues...as in, "no." A lot of it is COVID-19 related, but how do you guys get financing for these if they are your first on...
Happy New Year Bigger Pockets. I have listened to the bigger pockets podcast for the last 6 months and my wife and I are now in a position to purchase our investment property. We are leaning towards a STRproperty. I h...
Hi everyone, I am curious to know why some investors use loan brokers? or why they don't. What are some DO's and Don't's when dealing with a loan broker? what should your expectations be? Questions For brokers- what (...
There was a great conference this past week STR Wealth Conference in Nashville, over a 1000 attendees and some great speakers in the STR industry. A lot of insightful conversations and speakers and despite the rough ...