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8 February 2025 | 9 replies
To start out, I'm finding renters on my own and am not renting through AirBnb or VBRO.
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15 January 2025 | 7 replies
Start looking for a new PM.
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6 February 2025 | 16 replies
Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.
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15 January 2025 | 15 replies
Hi @Jasmine Thermitus welcome to Bigger Pockets and congratulations on getting started on your real estate journey!
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13 February 2025 | 5 replies
That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.
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18 February 2025 | 4 replies
Here are some financing options to consider:HELOC or Cash-Out Refi on Another Property – If you or your mom have equity elsewhere, this could be a more flexible and lower-interest option.Business Line of Credit – Since the property is in an LLC, you might qualify for a business LOC, which could cover construction costs.Private Money Lender – If you’re okay with 12-15% rates, a private lender could fund this as a short-term loan, especially if the guesthouse will generate strong income.Construction Loan – Some lenders offer short-term construction financing, which converts to a longer-term mortgage once completed.Seller/Partner Financing – Bringing in an investor or structuring a joint venture with someone willing to fund the build in exchange for a share of the income.Credit Card Stacking or Unsecured Business Loans – Riskier but could work if you need to bridge a gap until the unit starts cash flowing.Would love to hear more details—especially your timeline and expected rental income.
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18 February 2025 | 3 replies
Hey AudreyHere's a list of things you should look for in your investment properties...Start by assessing the property’s curb appeal and exterior condition, checking the roof for damage and foundation for cracks or moisture.
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15 January 2025 | 10 replies
Hi everyone,I’m new to the U.S. and excited to start my real estate journey!
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17 February 2025 | 7 replies
I too never thought about a houseboat community until I owned a houseboat myself and started thinking of ways to make the investment make sense.
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25 February 2025 | 10 replies
I'm seeing rates start around 6.75% with your specific scenario.