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Hello All, I am new to investing and currently looking to buy my first investment home. Main objective is some positive cash flow but more importantly for appreciation in the next 5yrs. Would anyone be able to share a starting point for who I would contact to convert the zoning for a unit within a multi family property from commercial to residential? Thanks Phil My wife and I built our first home in Maryland, where we are currently stationed due to work. We are both active duty military and bound to move within the next 3-5 years. Hello everyone, I currently live in a SFH in the Chicagoland Suburbs that I gut-rehabbed in April of 2020. As you probably know, inventory is so low here that houses are getting several offers within hours of being...
Starting out in real estate investing and want to use OPM. If I find good deals what are best practices to find investors? One of the videos was talking about how to figure out how far to take a real online payday loans rehab, how much should you put into the finishing touches. Hello all, looking payday lenders direct for input on whether it is feasible to build your own rental units. I am currently a contractor in my city and looking to get into homebuilding as there is a great need for housing currently. How do I go about estimating rehab costs when investing... I have 16 years experience with windows, showers and glass in general. Would anyone happen to have any advice on partnering with an investor to gain a renta property. How would you go about asking an investor to fund your deal and where do you find an investor who is willing. I quick loans was born and raised in San Diego and now work here as a mechanical engineer in the defense industry. Growing up, the concept of "work hard in school, get a degree, and find a well paying job to work at for... I am in LA County and hired a Licensed GC to work on a remodel project (1066 sq ft home and All Permits were taken).
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Each side of the house is separated from the floors and... After recently interviewing two real estate agents regarding selling my primary residence mid-April, I was approached by both this week asking to do a one-time showing. I have an opportunity to purchase a six unit apartment building recently damaged by a fire, along... Seeking properties in the 50-100 unit range and would love your best referrals to a multifamily real estate broker who operates in B and C class properties in Phoenix, Scottsdale, Tempe, Mesa, and Chandler. Do you have a "mistake" story and lessons you learned from it? I am currently looking for TENANT "mistake" stories, in particular inherited tenants... I am looking for stories about your biggest real estate mistake, and what you learned from it, for BiggerPockets Wealth Magazine. If selected, your story, name and company will be featured in the... I am looking for stories about your biggest real estate mistake, and what you learned from it, for BiggerPockets Wealth Magazine. If selected, your story, name, and company will be featured in the... I know the market has been pretty hot overall this past year. With that said, wanting to know if there are areas within the US where investors are still buying, cautiously buying or waiting for... I remember when all of us military guys and gals were lobbying to get a forum for us to post our unique issues and challenges in. We move around A LOT and face different issues than others in this business.
Many of us experienced folks on the forums the last couple years have been expressing concern about people being overleveraged and for strategies like the BRRRR method. I am looking around Texas for my next BRRRR investment. I am from out of state and trying to educate myself more.
Texas is a huge state with a couple of huge cities that a growing extremely fast. If you had access to unlimited funds, how many short term loans for bad credit same day houses would you flip a year? I have the down payment but I have the worst credit. Will that affect my chances of getting the loan and if so online payday loans same day how can I get around that? My name is Dakota Coburn and I decided a few years ago that becoming a real estate investor was the right career path.
I spent 12 month researching, reading, analyzing, going...
Having worked in all facets of the real estate industry, from operating a brokerage to wholesaling to mortgage origination, we understand the challenges faced by builders, remodelers, and... Having worked in all facets of the real estate industry, from operating a brokerage to wholesaling to mortgage origination, we understand the challenges faced by builders, remodelers, and... I am looking for stories about your biggest real estate mistake, and what you learned from it, for BiggerPockets Wealth Magazine. If selected, your story, name and company will be featured in the magazine. Stories will include details about the property and project, the types of challenges it real online payday loans created and (knowing what you know now), what you would do differently. I purchased a house in Hampton Virginia, an out of state deal.
House details, I purchased in 426 Chapel St Hampton Virginia, 23669. I met the realtor that I hired and he showed me properties in January. I did my due diligence as far as area, and type of house and got a good feel of it, so I decided to move forward. My confidence in him was quickly growing with how fast they were moving. I asked him to send me photos and updates, he rarely sent any photos and it took 3 days at times for him to get back with me. At this point of the project we were hitting 3 months. I told him to work on the flooring before I send more, he acknowledged and said okay. Two days later he asks for money to pay his guys so I requested photos, again it took about a week to receive any.
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At this point we hit 5 months and my loan fees were growing. Fast forward payday loans online with bad credit I called for a construction draw, my lender gave me a lot less than requested.
I then asked for photos of my project because my contractor rarely sent me any. The contractor was getting further behind and decided to quit taking my phone calls.
For about a month my project was sitting trying to find another contractor. A lot of add ons and so called issues that came up. Job was finally complete and it took a total of 8 full months to complete (well over my 60 day timeline). The house due to horrible workmanship according to a lot of realtors in the area, the house took 3 months to sell.
What I learned was first get a home inspection not matter the cost so I know exactly the issues so that I do not have a contractor telling more issues came up. Hire the right contractor, interview interview interview. DO NOT PAY FOR WORK just because the contractor has to pay his guys.
Looking at the deal now, if everything went smooth with my contractor, the deal itself would have made money. Moral of the story: be careful with your contractor. I am getting ready to buy a duplex to turn into a triplex.
Your story probably just saved me a bunch of time and money!
I am learning a lot from these posts and the stories that others have emailed to me, and it looks others are, as well! Please keep the stories coming - would love to hear more! I was ignorant to the fact that I needed to verify repairs were pay day lones completed properly prior to closing. I thought my RE attorney would tell me these things and I learned the hard way. I called my RE attorney and he told me since the closing had already occurred I was pretty much out of luck.
I took it as an important lesson learned and now I ALWAYS view a property a few days prior to closing to make certain all work has been correctly completed. My biggest mistake was representing myself in the purchase of my first 2-family!
Louis and decided to represent myself in the negotiations with the sellers. But, each time the seller countered the price I increased my offer accordingly, to match their counter.
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