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’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...
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...
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 /...
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...
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...
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 ...
Noticing probate seems to take longer to close than other off-market types, but the margins can be better. Anyone else seeing that pattern, or is it market-dependent?
Investors ask me some version of this every week: "I offered more than the wholesaler and still lost the house." Usually the seller wasn't choosing a price. They were choosing certainty. A wholesaler's offer is short and loose: as-is, no financing contingency, a quick close, and a move-out date t...
When you’re analyzing a potential investment, what makes you say “this one is worth pursuing”? Is it the purchase price, projected ARV, rehab budget, location, or the exit strategy? There are a lot of moving pieces in a deal, so I’m curious what experienced investors prioritize first. What’s your...
For those who have experience investing in mortgage notes, what are the most important things you look at before purchasing a note? I’m especially interested in how you evaluate the borrower’s payment history, property value, remaining balance, interest rate, and overall risk. For performing and ...
I screen listings against a hard money purchase test, and I had been doing it wrong. The usual sizing is ARV times advance rate, minus repairs, and whatever is left is the most you can pay for the house. Then the borrower brings the closing costs. That gets called zero down. It is not zero out of...
Investment Info: Single-family residence fix & flip investment. Purchase price: $132,000 Rehab: $70,000 Sale price: $304,000 Contributors: Peter Vekselman Partner Driven partnered with Joshua Riddlespur on a fix & flip in Winston, Georgia. The property offered significant upside through improveme...
Honestly, there's very little I'll walk away from if the price is right, but I've learned through trial and error to be wary of septic systems since they almost always come with scope creep. Oil spills are the other one I try to avoid entirely. If it's bad enough, that can cost millions to remedi...
Seeking Feedback: Would You Pursue This $1.4M Alabama Pecan Orchard Acquisition? I am currently evaluating the acquisition of a 115-acre pecan orchard in Russell County, Alabama consisting of approximately 2,863 trees, irrigation infrastructure, processing facilities, equipment, retail space, a p...
Investment Info: Large multi-family (5+ units) buy & hold investment. Purchase price: $31,950,000 Cash invested: $6,900,000 Memphis Passive currently owns and manages a portfolio of 213 rental units throughout the Memphis market. The entire portfolio is occupied by tenants participating in Memphi...