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10 January 2022 | 2 replies
Those products will most likely have higher interest rates.
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15 January 2022 | 4 replies
This is essentially a buffer for error/reduced demand/the unknown.
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17 January 2022 | 7 replies
A HELOC is essentially a high limit credit card that you pay yourself interest on.
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16 January 2022 | 5 replies
I would look into the laws around this, maybe call the non-emergency police number and ask what happens if someone illegally parks in your driveway as I feel this is essentially the same as a stranger parking in your driveway as far as the law goes.Do your research then give the tenants a very stern talk with a hard deadline, and if the RV isn't out by 9a on that day have a tow truck standing by.
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15 January 2022 | 1 reply
Due to the COVID-19 pandemic, it is recommended to invest in essential uses, delivery services, or drive-thru restaurants.
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14 January 2022 | 0 replies
I've seen some of the free webinars that BP hosts, and they seem to boil down to essentially the same content (not meaning to knock them, or disrespect them in any way): find deals, and run them through the BP calculator to evaluate them, and move on the ones that make sense based on your assets/market/numbers/etc.I've heard that there is a ton of video content once you become a pro member, and am thinking of pulling the trigger, and was wondering if they end up going more into depth or if they run through different scenarios etc.
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31 January 2022 | 11 replies
This site is great if you are looking to invest into real estate.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/
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30 January 2022 | 2 replies
I'm involved in a unique situation in which a client wants to essentially sell his home and still live in it.He took out a loan which has too high of interest rates currently and he hasn't payed the mortgage in a year.His credit is bad so no subject to.The home is lovely and worth $500k.His neighbor attempted a short sale deal as he owes $330k on top of not paying in a year.The owner's lender won't take less than $500k.My idea to help the client avoid bankruptcy and foreclosure is to propose the neighbor and friend buy the home at market value.This would allow the client to pay his friend and neighbor rent at a lower rate than what he's currently being charged at north of 10 percent.What's the lowest rate anyone has heard for private money lending?
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30 January 2022 | 0 replies
We have followed the BRRRR method throughout, and always refi'd into the 30-year FNMA/FHLMC backed products; always in separate names to allow my wife and me to maximize that cheap money (you can each do 10 loans).
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2 February 2022 | 11 replies
Getting your mindset right, setting goals, and creating a strategy are essential first steps to investing in real estate.