Bryant Amundson
BRRR Further Elaboration
Can someone further elaborate on the BRRRR strategy please?This is what I know: I pay X for down payment on a property. Then I rent it out, fix it up, etc... Then in Y amount of months I can refinance that property an...
Gabriel Galarza
Are we at the end of a Market Cycle ?
By no means should this question be deemed as a deterrent for investing in Real Estate, as ideally you would buy below market value and avoid being upside down during a crash.This question is sometimes area specific, ...
Chris Bluem
Creative Financing Noob Questions
Thanks for taking the time to read and respond. I am starting to look at a few rental properties (SFH & Multifamily) and beginning to run the numbers. So I just wanted to make sure I understand some of the strateg...
Isaac Black
Pocketing money after refinancing?
Something I do not fully understand is people saying they buy a house for 100k, fix it up for 40k, refinance with appraisal where house is work 160k, and then they claim they pocket 20k? This concept does not very wel...
Ejaz S.
Control/Re-sell property without money
Guru's I joined this forum today and read through a couple of postings all of them are extremely interesting but what I did not understand is how can you RE- Sell property without investing
For a new investor like me...
Daniel Smith
Can an LLC avoid the Real Estate Professional requirement?
In a perfect world I would be able to deduct my real estate losses against my very high W2 income. However, achieving "Real Estate Professional" status is not something I will be able to do in the near future.It has a...
Anthony Richards
Getting a mortgage on properties purchased on a personal loan?
My friend owns about 7 properties in Rochester, NY that he purchased through a variety of personal loans.To my understanding, he can’t refinance his properties (or can he?) because he doesn’t have a conventional loan ...
Matt Brooks
Buy a Broker?? How to....
Okay BP Team, I am asking for creative ideas! My good friend has an opportunity to buy a real estate brokerage office. Below Is the background of the office:
Current Broker wants to work at least 10-15 more years. Sh...
Maileen Calhoun
My First Offer Appraisal Makes Me Want To Back Out
The purpose of this property was to flip. Here are the specs...
1% Down Payment
FHA Loan Type
Inspection Returned - Nothing unexpected
FHA Appraisal Returned - The appraisal matches the exact offer accepted.
Thi...
Amy Lemaistre
Contractors doing work without approval and then charging for it
My contractor had a landscaper mow the lawn and trim the shrubs on a house we are working. He did this without my consent or acknowledgment. He then put a charge on his estimate for $250 for this work. Is this allow...