Real Estate Investing Forums

How to pull equity from 2 fourplexes that have a 3% & 4% mortgage rates??
Private Lending & Conventional Mortgage Advice
How to pull equity from 2 fourplexes that have a 3% & 4% mortgage rates??

I own two fourplexes in Enterprise, AL (8 units total), held for about 10 years. They’re worth roughly $500K combined, with about $105K owed at 3.2% and 4.2%. They’re fully rented and professionally managed. My goals: Keep both first mortgages. Those rates are too good to give up. Qualify on the ...

Out of state investing
Starting Out
Mesa, Arizona
Out of state investing

I'm currently in Arizona and plan to get my first property here but I don't plan on staying here so I'm open to investing out of state but the only thing is that hiring a property manager. Does having a property manager kill your cash flow and is having a property manager worth it with a small nu...

Is a condo a good first rental investment?
General Real Estate Investing
Is a condo a good first rental investment?

Hi all, I’m 24 and I have pretty limited capital to get in the game. Ideally I’d want a duplex, and I hear almost exclusively of people talking about single or multi-family properties. I’m a bit nervous to buy out-of-state in an area where I don’t have any personal contacts (I’m located in south ...

Airbnb Updated Their Nov 20th Changes Slightly
Short-Term & Vacation Rental Discussions
Airbnb Updated Their Nov 20th Changes Slightly

Yesterday, Airbnb updated their demands that will take effect on Nov. 20th, I underlined one change: "Since we announced changes to house rules on October 20, we’ve heard from many hosts. Some of you are concerned about losing control over the rules you set for your home. We understand why. You’r...

What would you outsource first?
Managing Your Property
What would you outsource first?

If you could hand off ONE thing about managing your long-term rental forever, what would it be? Maintenance coordination? Rent chasing? The books? I'm genuinely curious what you hate doing vs. what you just think you're supposed to do yourself.

Self-managing landlords: which tenant messages eat most of your week?
Managing Your Property
Self-managing landlords: which tenant messages eat most of your week?

I’ve noticed most landlords don’t mind the big decisions. It’s the small messages that wear them down “When is the plumber coming?”, “Did you get my rent?”, “Is the repair done?” For those of you self-managing, which messages take up most of your time? And have you found a system that keeps them ...

Rehab style lenders that do NOT care about the spread a seller earns
Rehabbing & House Flipping
Rehab style lenders that do NOT care about the spread a seller earns

Definitely appreciate the services that rehab style lenders supply to rehabbers however never really understood why some place restrictions on what earnings can be made by the real estate investor bringing the deal to their borrower. Some rehab (hard money) lenders place a cap on what the wholesa...

Bookkeeping for 9 units
General Real Estate Investing
Pittsburgh Metro
Bookkeeping for 9 units

Hi guys- I’ve got two mulit’s (9 units total) but am struggling on the bookkeeping side. Id appreciate any guidance on how to affordably proceed. I’ve got my CPA doing my bookkeeping, but she’s frustrated with how messy things are- I did switch PM’s this year and my original PM had terrible books...

New Investor/Need Insight
Real Estate Deal Analysis & Advice
Detroit, Michigan
New Investor/Need Insight

Hello there, my name is Zachary. I'll keep this short and sweet. Looking to invest in Section8 housing in Detroit and surrounding areas. However, because of the insanely high millage rate for non-homestead property taxes, I can not justify purchasing a property and paying 350-600 in taxes monthly...

How Do You Decide Whether a Property Is Worth Rehabbing?
Rehabbing & House Flipping
How Do You Decide Whether a Property Is Worth Rehabbing?

Not every distressed property is a good investment opportunity. A property might have an attractive purchase price, but once you factor in structural repairs, contractor costs, holding expenses, financing, and the estimated after-repair value, the deal may look very different. For experienced fli...

DSCR or Conventional Loan: Refi with cash out
Buying & Selling Real Estate
DSCR or Conventional Loan: Refi with cash out

I have a 4-plex apt bldg with a market value between $350-400k and a loan of $97k. I was looking to do a cash out refi to pay off some debt (less than $25k). I also own a 3 bay SS car wash with an MV around $75-100k and a loan of $30k. I am also looking at doing the same with the car wash. I’ve t...

Tips for new wholesalers
Wholesaling
Tips for new wholesalers

Hey, a quick intro. I've been wholesaling full time since May of 2023 when I got my first deal and quit my 18/hr call center job at the time. I've learned a couple things along the way, so here are some tips to help new wholesalers. Tip for new wholesalers: Always make your cash buyers match or e...

manager in Springfield, Ohio (45506
Managing Your Property
Springfield, OH Metro
manager in Springfield, Ohio (45506

Hi everyone! I’m looking for a good property manager in Springfield, Ohio (45506). I’m evaluating a triplex and looking for someone reliable to manage the property, tenants, rent collection and maintenance. If anyone have recommendations or personal experience, please let me know. Thanks!

Why Are So Many Deals Falling Apart Before Closing?
General Real Estate Investing
Why Are So Many Deals Falling Apart Before Closing?

Most investors I've talked to lately have been saying the same thing. The market feels pretty bad right now. Deals are harder to get across the finish line, buyers seem more hesitant, and a lot of opportunities just aren't moving the way they used to. I've also noticed quite a few loan deals fall...

Suggestions for camera/ surveillance systems?
General Landlording & Rental Properties
Suggestions for camera/ surveillance systems?

All - if you have suggestions for a low cost, easy to use camera system for a small multi-family, kinldy let me know. This would be for a triplex featuring an up and down duplex and a 1 story ranch home, separated by a 6 foot walkway in between. Both have an expansive yard in front, but are right...

How do you get owner statements out by the 3rd?
Managing Your Property
How do you get owner statements out by the 3rd?

For those of you managing for third-party owners: the 1st isn't rent day, it's statement day. Rent roll, deposits, repairs, the note explaining why the plumber cost $640, and every owner wants it slightly differently. The managers I've seen stay on top of it do three things: one statement templat...

Property Owners: What's More Important—Rent Price or Tenant Retention?
Managing Your Property
Property Owners: What's More Important—Rent Price or Tenant Retention?

I recently came across an interesting statistic: Renters who are satisfied with maintenance are 57% more likely to plan to renew their lease. As a property manager, I believe keeping good tenants starts with being responsive and staying ahead of maintenance issues. A vacant property can cost an i...

Veteran & first-time buyer house hacking in Augusta, GA with a VA loan: advice?
House Hacking
Augusta, Georgia
Veteran & first-time buyer house hacking in Augusta, GA with a VA loan: advice?

Hi everyone! I'm new to BiggerPockets and new to real estate investing, so I wanted to introduce myself and ask for some advice from people who know the Augusta market. About me: - Veteran, buying my first home with a VA loan (pre-approved) - I live and work in Augusta, with my wife and child - M...

Mortgage Applications Continue Rapid Decline
Market Trends & Data
Mortgage Applications Continue Rapid Decline

𝐓𝐇𝐄 𝐔.𝐒. 𝐌𝐎𝐑𝐓𝐆𝐀𝐆𝐄 𝐌𝐀𝐑𝐊𝐄𝐓 𝐈𝐒 𝐈𝐍 𝐈𝐓𝐒 𝐃𝐄𝐄𝐏𝐄𝐒𝐓 𝐑𝐄𝐂𝐄𝐒𝐒𝐈𝐎𝐍 𝐎𝐍 𝐑𝐄𝐂𝐎𝐑𝐃 And the numbers are ugly. According to the Mortgage Bankers Association, purchase mortgage applications have fallen to just 131.4 For perspective: 47% below the 2018–2019 pre-pandemic norm 19% below the same time last year Even lower ...

Home Equity Agreement (HEA)
Investor Mindset
Home Equity Agreement (HEA)

I own a property and I've been entertaining the idea of acquiring a home equity agreement loan. Does anyone have experience with this? I appreciate any insights or recommendations who have experience with this field.

Buying for my college student
Goals, Business Plans & Entities
Buffalo, New York
Buying for my college student

My son goes to college in Buffalo, NY. I am looking at buying him a house and renting extra rooms to his roommates. What should I be worried about and how do I mitigate any risks with this venture?

Out-of-state owners with vacant properties in Cincinnati: how are you handling winter
General Real Estate Investing
Out-of-state owners with vacant properties in Cincinnati: how are you handling winter

I’m in Cincinnati and walk vacant homes and between-tenant rentals for out-of-town owners. The biggest winter surprises I see are slow leaks, heat that quietly shut off, and doors that aren’t actually locked. For those of you with vacant units: how often do you have someone physically walk them i...

Property Managers and Real Estate Agents in Worcester, MA area
Real Estate Agent
Worcester, Massachusetts
Property Managers and Real Estate Agents in Worcester, MA area

Hi all, I'm interested into speaking with property managers in the Worcester, MA metro area. This would be for management of small multi-families of 3-4 units and 5-10 units. I'm also interested in real estate agents who represent buyers in this area and for these size apartments. Anyone have any...

Landlords, How Do You Keep Your Rental Cash Flow Healthy?
General Landlording & Rental Properties
Landlords, How Do You Keep Your Rental Cash Flow Healthy?

Rental income is important, but it's not the same as actual cash flow. Property taxes, insurance, maintenance, vacancies, capital improvements, and mortgage payments can all affect the property's financial performance. For landlords managing multiple units, how do you monitor your property's fina...

Finding the perfect tenant
Buying & Selling Real Estate
Livonia, Michigan
Finding the perfect tenant

Hello all Wanted to seek, what’s the best steps on having good tenant, and having a system/documentation in a contract between the property etc. Full rookie here. Thank You