I’m looking for some advice from people who have structured larger portfolio loans before. This is my first time doing anything this big, so I’m trying to make sure I understand the risks and don’t overlook something important. I currently own or have under contract five properties totaling six r...
A low price alone does not make a property a good deal. A good deal is one where the numbers, the condition, and the exit all make sense together, even when something does not go exactly as planned. First, I look at the full monthly picture, not just rent minus mortgage. Taxes, insurance, mainten...
Hey BiggerPockets community, We’re actively looking for private money partners on two solid West Virginia deals. Both are structured for a quick refinance exit (targeting under 90 days). Happy to share full deal packages, photos, scope of work, comps, and timeline with serious lenders. Deal 1: Pa...
I've been thinking about something that seems easy to overlook in real estate. Most agents spend a lot of time trying to get new leads. But what happens to the people who showed interest a few months ago and then stopped responding? Maybe they were looking to buy but weren't ready yet. Maybe they...
Most new storage buyers start with the seller's pro forma. That's the fastest way to overpay. A pro forma shows what a facility could be. You should pay for what it is, then check what it could become. Here's the first-pass filter I run on every deal before I spend real time or money on it: Call ...
Do you guys know any banks in Dallas/Fort Worth that allow you to cash an escrow refund check with a POA? Or the best way to do this? Called the issuing bank and my bank. Both said no.
Hi, my name is Tommy. I am a new investor looking towards into fix and flipping houses. I have a small question to where if its necessary to hire an architect first before the contractor for a full gut remodeling project. That would include new paint/walls,floor, kitchen, bathroom and updated roo...
Investment Info: Single-family residence same-day investment. Purchase price: $110,000 Sale price: $120,000 Contributors: Peter Vekselman Partner Driven partnered with Wayne Morgan on a same-day transaction on Shawnee St. in Silver Lake, Michigan. The property was purchased and resold the same da...
Investment Info: Single-family residence investment. Purchase price: $22,500 Sale price: $37,000 Contributors: Peter Vekselman Partner Driven partnered with Gary Whitaker on a property investment in Crossville, Tennessee. The property required no rehab, allowing the team to focus on the acquisiti...
For those doing fix-and-flips, how much contingency are you building into your rehab budget these days? With unexpected repairs and changing material costs, having some breathing room can make a big difference. What percentage do you typically reserve for surprises?
Investment Info: Single-family residence same-day investment. Purchase price: $120,000 Sale price: $205,000 Contributors: Peter Vekselman Partner Driven partnered with Wayne Morgan on a same-day transaction in Austin, Texas. The property was purchased and resold the same day without requiring a r...
Hey BiggerPockets Community, I’m underwriting a single-family off-market deal in Northwest San Antonio (78249 zip code, Northside ISD) and would love to get input from local TX investors and experienced flippers on how you discount for specific site nuisances. The Property Profile Layout: 3 Bed /...
Hi, my name is Tim. My fiance and I are looking to buy our first home, but also try and use it to our advantage to get into real estate. We found a possible deal on a 3 bed 1 bath. We can get it for around 60k under market. Seller will also put a well in. We haven't gone to look at it yet, planni...
View report *This link comes directly from our calculators, based on information input by the member who posted. This is a house hack in upstate NY in Schenectady county using my VA I’m only putting around $5000 towards closing costs I think it seems like a good deal considering after a year it w...
Hey BP Community, Looking for some candid feedback from seasoned Texas investors and anyone operating in the Fort Hood / Killeen / Copperas Cove market. Property Overview: Type: Single-Family Residence (4 Bed / 2 Bath, 1,827 sq ft) in Copperas Cove, TX Purchased: July 2024 Financing: VA Loan...
I’ve been thinking about this lately. A lot of real estate investors are active on LinkedIn, BiggerPockets, Facebook groups, and other platforms—but many still don’t have a professional website. And it made me wonder: When a potential investor, lender, or partner hears your name, what’s the first...
Quick underwriting habit I had to unlearn: treating CapEx like optional fluff when the photos look good. A “renovated” kitchen or new paint doesn’t mean the big-ticket stuff is done. Roof age, water heater, HVAC, sewer lateral, appliances near end of life — those still hit you on a buy-and-hold, ...
I'm nearing completion on a mixed-use redevelopment project. The project offers a case study in how a development strategy that looks beyond lender and appraiser assumptions, supported by additional capital and longer timelines can create substantial value and outsized returns compared to methodo...
I have been running the numbers on some deals, mostly 2-4 unit properties, and I am finding that nothing on the MLS is even coming close to cash flowing at the list price. I am sure part of it is just how the market is, but I want to check to see if the numbers I am using are right in the first p...
For those involved in mortgage note investing, how do you determine when it's better to hold a note for its ongoing income versus selling it and reallocating the capital? I imagine the answer can vary depending on the note's performance, the investor's financial goals, and the opportunities avail...
A property can look like a great deal on paper and still become a bad investment. Maybe the rehab goes over budget. Maybe the timeline stretches. Maybe the ARV doesn't hold up. What’s one number or assumption you always double-check before moving forward with a deal?
Just saying.. most rental underwrites start with one number that feels like data: market rent. Somebody pulls three or four listings off a rental site, averages them, and that figure drives the cash flow, the DSCR, the refinance appraisal, and the "yes." The problem is that a listing is an asking...
A property can look like a great deal on paper and still turn into a headache. You buy below market value. The ARV looks strong. The rehab budget seems reasonable. The projected profit looks attractive. Then the project starts. Materials cost more than expected. A contractor finds additional work...
Investment Info: Single-family residence same-day investment. Purchase price: $160,000 Sale price: $200,000 Contributors: Peter Vekselman Partner Driven partnered with Wayne Morgan on a same-day transaction in Wilmington Manor, Delaware. The property was purchased and resold on the same day, crea...
Ran into this one today in Huntington, WV: a $28,000 fixer listed at 1.07 acres, but Redfin's public-record section shows 4,648 sq ft. That's a 10x discrepancy on the lot — before you even get to rehab costs. I broke down this deal plus 5 more Huntington-area plays (two foreclosure auctions, one ...