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31 August 2024 | 1 reply
With a diverse background that spans over 14 years in business ownership, sales, marketing, media, and business development, I'm eager to bring my skills and experience into the BiggerPockets community.Before diving into real estate, I spent 16 years in IT with the federal government, and I'm also a proud Air Force wartime veteran.
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3 September 2024 | 7 replies
Even in areas without significant disaster risk, we're still seeing insurance costs rise due to broader industry pressures.The Long-Term ViewFor those of us deeply involved in multifamily syndications, it’s crucial to educate LPs and partners about these changes.
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3 September 2024 | 7 replies
A general credit line, on the other hand, could be secured by other assets or unsecured, and doesn't necessarily involve your home equity.HELOC Characteristics: - Uses your home as collateral - Usually has a lower interest rate than unsecured credit lines - Typically has a variable interest rate - Allows you to borrow up to a certain limit, repay, and borrow again during the draw period - Can be used for various purposes, including home improvements, debt consolidation, or as an emergency fund While it's possible to use a HELOC for RE investing or rehab projects, some lenders may be hesitant about this use.
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2 September 2024 | 5 replies
@Antonio IglesiasHouse hacking involves purchasing multi-family properties, living in one unit, and renting out others to offset mortgage payments and build wealth over time.
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2 September 2024 | 2 replies
This role does not interfere with my day job, and I am eager to learn as much as possible about the industry.I am now looking to network with local established people in the Halifax/HRM area who are involved in the real estate industry.
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1 September 2024 | 13 replies
The third method, which requires some time and effort, involves learning how to pull property addresses, names, and numbers.
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29 August 2024 | 5 replies
Hi there,I'm selling a single family home in upstate NY (owned by an LLC that is in turn owned by myself and my sister). We are also part owners in a small commercial property (also structured as an LLC) also based i...
1 September 2024 | 4 replies
In a wholesale situation, the F.B.I. looks at all parties involved, does not care that you didn't know and can ruin your life for a long time to come.
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2 September 2024 | 9 replies
Much thanks to anyone who can weigh in with their expertise.There are at minimum 52 regulatory authorities involved with residential mortgage origination and servicing (50 states + DC + Federal).
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1 September 2024 | 5 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?