Here’s a scenario I’d like to put in front of the real estate investing and lending community: 🏠 Purchase Price: $500,000 🔨 Rehab Budget: $100,000 📈 Projected ARV: $800,000 💳 Investor FICO: 720 The investor wants to move quickly but also wants to preserve as much liquidity as possible for the nex...
A lot of flips do not get into trouble because of one catastrophic event. The margin often gets chipped away by several smaller misses that compound. Seven areas I think are worth stress-testing before moving forward with a project: · Acquisition price: Did you leave enough room for the project t...
I’m a Chicago-based investor looking to expand my portfolio and currently evaluating some multi-family properties in Blue Island. I see quite a bit of inventory out there right now and wanted to get a feel for the area from those who know it best. I'm mostly looking for a broad overview of what ...
I am looking into investing in real estate. I would be an out of state landlord as I do not live in Indiana. I have the LLC, management company, address, etc process worked out. My question is this: Mortgage rates are high and at 20 percent down it would be tough to have positive cash flow. At mo...
For the investors buying in Northeast Ohio — what makes you choose one neighborhood over another? Obviously, price and rents are a big part of it, but there’s usually more to it than just the numbers. Schools? Tenant demand? Housing stock? Proximity to jobs? Taxes? Having good contractors nearby?...
Had an interesting conversation with a California agent who has been in real estate for 30 yrs and wants to invest in Cleveland. He asked all the right questions about rent, Sec. 8 repairs, lead cert, neighborhoods, property management, and cash flow. The interesting part? Even an agent with 30 y...
Not the actual house. I mean your books. If you own rentals, when was the last time you checked: • Are repairs and improvements separated? • Are all expenses tied to the right property? • Are your closing statements recorded? • Do you know your current basis? These things are a lot easier to fix ...
I am not promoting being careless and buying whatever for the sake of buying it. Having said that, I just helped an investor purchase a property, and he financed it. Yeah, you could use interest rates as an excuse, but it's a value-add opportunity. The upside more than makes up for the interest r...
Hi everyone. I recently won my first investment property through a tax-foreclosure auction in Rochester, NY for $15,000, and I'd love some input from investors who have experience with low-cost rehabs, BRRRR, flips, and rentals. The property is approximately 1,550 sq. ft., 4 bedrooms/2 bathrooms,...
A property hits the MLS. Good location. Decent photos. Numbers look interesting. I see it. And so do 500 other investors. So I have to ask myself: "What the hell do I know that they don’t?" Maybe that's the wrong question. Some of the most interesting opportunities I've seen never started with a ...
Hey BP Fam, While our main focus is raising capital, our websites consistently generate leads from Mobile Home Sellers throughout GA/SC. I’m curious to hear from investors who are actively buying and selling mobile homes without land. At HAS Holdings, we consistently generate several organic mobi...
Many investors spend years focusing on cash flow, appreciation, and debt paydown. Then they sell and discover depreciation recapture and capital gains taxes can take a significant bite out of their profits. For those with larger portfolios: What's your exit strategy? 1031 forever? Sell selectivel...
Hello Everyone, Do we have any active investors in the San Francisco Bay Area? If so let's connect, I'm an investor and Realtor as well! God bless!
Hey everyone earlier this year I had a possible opportunity to move on to a possible 2nd deal for myself. I didn’t end up doing it as it would have cut down my gross rental cash flow from $1000 to less than $300 depending on the rate we would get. My overall cash flow would have been roughly arou...
NC Investors -- specifically Fayetteville -- What's working right now? I've been investing in the Fayetteville area for several years and I'm curious what others are seeing right now. Are you finding better opportunities with flips, BRRRs, or rentals? Would love to hear what strategies and number...
As many of you know Fannie Mae backed loans have a maximum of a 2% seller contribution. DSCR, Debt Service Coverage Ratio, have a 6% maximum contribution. I deal in new construction in Oklahoma and the builders forward programs have gotten extremely expensive so even with their buy downs the rate...
For investors working on new construction, when do you usually start working through the financing strategy? Before purchasing the land? After the plans are completed? Or once you have a clearer construction budget? How early do you like to have the financing side figured out?
Hi everyone—I’m based in Western North Carolina and have spent about 20 years in construction. I own rental properties and am exploring land flipping as another way to build income. I’ve been learning about The Land Geek approach and would appreciate connecting with someone who has firsthand expe...
I love watching new investors freak out over rates. Those the same rates we had before '08. Investors made a lot of money 💰 buying at those rates, refinancing after the crash and selling in '20. Investing is a long game. Rates go up/down, but they're not making more land. OWN something! You can't...
Im a 56 year old single woman who wanted to invest in real estate since I was in my 20's. Are banks going to give me a hard time aquiring mortgages? I want to do single home/2-3 unit rentals.
What is the better way to come up with the money to pay arrears on a pre-foreclosure if I have no money out of pocket? I am thinking maybe just stick to wholesaling to build up funds before jumping into investing in pre-foreclosures with no out of pocket capital. OR I could find a partner who wou...
Hey guys me and my wife who is currently a realtor in mn are planning on moving to Jax this January. We know nothing about the area and want to get into either flips or getting duplexes in the area we both still have our first time home buyer loans available so that would help I'm sure, what woul...
I keep hearing the same thing from investors: “Bill, 100% bonus depreciation is back. How much can I write off?” My answer is always: slow down. The deduction is powerful, but getting a big deduction on paper does not automatically mean you get a big tax benefit today. If your rental loss is pass...
In Florida (or anywhere) - Would you allow a prospective buyer to market one of your vacant units (in a multifamily) 1 month before they are to close on your property? If yes, would you allow them to show it during this time? What about advertising while not clearly stating they are the buyer and...
Hello my bigger pockets family. My name is Vladimir. I'm new to real estate and investing and I was wondering is there anyone in the area that has an understanding of the Broward County area that can help me. I primarily need to know how to calculate the comps and everything so I can know if I am...