Hello everyone,I am new to this site, but I have some experience in local commercial investments, particularly with multi-family properties. Most of my work in the past has involved personally contacting prospective b...
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Purchased a property for $27k. Estimated Rehab is $80k. ARV $120-135k. I've put in around $15k out of pocket. I have poor credit (600) and high DTI but where there's a will there's a way. The people around me (family...
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quick question here. I was wondering if I bought a secondary house to flip and I did the renovation myself should I have it in a llc? Is the any legal issues with me buying, doing the renovation with my own hands and ...
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Hello BP,My close friend has agreed to sell his house to me at a GREAT deal. He's looking to sell me his home for 170k (valued roughly 200k-210k) with a fantastic cash flow opportunity. He purchased it for 130k and wo...
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I know that there's tons of information here on bigger pockets, and trust me, I'm gonna dig through A LOT of it, but I'm looking for a mentor, or coach of sorts to push me in the right direction of REI. I'm 21 and an ...
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I am on the Refinance step of the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) method for my 2nd property. My concern is that I won't find another property right away, in fact, I'm thinking of holding onto the money un...
I see people on the forum giving advice “just make investments that will double in one year” then repeat that a few times... Can anyone share what investments they are making that double in one year?
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Investment Info:
Retail commercial investment investment in Chicago.
Cash invested: $400,000
FULLY OPERATIONAL RESTAURANT AND MANAGED BY EIC.
What made you interested in investing in this type ...
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Hello & thank you in advance for your expertise & input. BiggerPockets is an amazing platform and inspired me further to dive into long-term rental idea. This property is a townhouse and has no mortgage. Howev...
How do you guys generally calculate what % of money should be set aside on a monthly basis to cover any unknown repairs? I've read metrics such as 1.5 - 3% of the value of the property?Additionally, let's assume the p...