Steven Moutray
New to REI, Building foundation
16 January 2025 | 3 replies
.## Additional Resources- Check out the BiggerPockets podcasts and webinars for more insights on these strategies.- Read books like "What Every Real Estate Investor Needs to Know About Cash Flow" by Frank Gallinelli to deepen your understanding of real estate investing.- Use local real estate agents who are familiar with investment properties to help you find the right deals.You're taking the right steps by seeking knowledge and networking.
Elan Adler
My experience buying a turnkey cash flowing (kinda) turnkey rental outside Huntsville
19 January 2025 | 18 replies
It felt super dismissive, and it became clear he just wanted me to sign the papers.If I were to do this again, I’d reach out to more agents and have more conversations to find someone who is more empathetic.
Dwight Henning
Management company recommendations
18 January 2025 | 4 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
Dan Green
1st Position Heloc for Rental
13 January 2025 | 4 replies
Perhaps @Devin Peterson can help?
Jordyn Ohs
Best way to pay down or off a Heloc
16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.
Najeh Davenport
Need Advice on Appraisal Issues and Refinancing Options
15 January 2025 | 12 replies
Thanks in advance for your help!
Jay Hinrichs
LA fires Wholesalers Beware
20 January 2025 | 19 replies
And as more happen, more will happen just out of FOMO.
Jeffrey A.
Should I use a HELOC for first my first flip or find other means?
12 January 2025 | 10 replies
We often need to ask the right questions to help determine the best route for each individual.
David Burton
New member learning to wholesale! Milan, TN.
2 February 2025 | 7 replies
A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
Devin James
We Need Higher Density & Smaller Homes - Thoughts?
12 January 2025 | 54 replies
That rental income helped us significantly offset our mortgage payment.