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7 February 2025 | 6 replies
Pretend your getting the hardest rain you have ever seen and imagine where the water is going.I would also keep an eye out for sewer lines and type of material.
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10 February 2025 | 8 replies
BiggerPockets is an excellent platform for networking and establishing connections.
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31 January 2025 | 19 replies
So by spending $42k I collected an additional $75k over 5 years, and then sold the furniture through a consignment store collecting $8k as my share.
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28 January 2025 | 1 reply
Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."
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7 February 2025 | 4 replies
It wasn’t an easy path—in 2014, I even filed for bankruptcy while trying to launch a business.
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27 January 2025 | 12 replies
You are clearly not thinking, especially as an out of state rookie.
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3 February 2025 | 6 replies
If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.
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28 January 2025 | 9 replies
If it's an owner occupied loan, the underwriter will need to verify this is your primary residence.
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28 January 2025 | 11 replies
Just curious, are you advertising these as for sale or was this an FYI?
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26 January 2025 | 5 replies
When an appraiser is adjusting a comp to match the subject property, he or she will use an adjustment based on the difference in square footage.