All Forum Posts by: Pike Pickett

Thanks so much, Austin. I just sent you PM.

Hello Bigger Pockets Family,

Can anyone in the St. Louis area recommend a reputable realtor to help us find a good multifamily property in a good area? Thanks in advance. 

I happened to be on Redfin and Zillow this morning and was just punching in random large cities to see what their markets looked like. I noticed that the Phoenix area properties seemed significantly cheaper than the other larger cities across the country. Could someone shed some light on the current Phoenix market for me please? Thanks in advance.

Hello Bigger Pockets investors. I am interested in purchasing some properties in my local market via seller financing. I have not done this before. How are these type deals “typically structured”? Or how have any of the experienced investors down these deals in the past ? I want to make sure I am educated about this so I can confidently approach sellers with this option. Thanks in advance.

Jon,

Thanks so much for your reply. I appreciate you sir.

Hello, Thanks for having me. I have a question. I am just getting started investing. I purchased a home in April 2018. I paid $43,500 cash. I funded rehab with $25,000 cash. My 2 partners and I did all rehab labor. A local realtor now says the 4 bed, 2 bath house is worth approximately $150-160,000. There is no mortgage or lien on this property. As you can see we have a lot of equity in this home. I reached out to lender I previously used for my primary residence about accessing equity in this home so I can pursue another rehab project. He told me because I haven't owned it for 6 months he couldn't lend me the money(Fannie Mae rule???) Do you have any suggestions on what to do with this property? What are options for accessing its equity? It is listed for sale but as we all know that can take months. Thanks in advance for your recommendations.