Iliana Herrman
Guidance for an Eager BP Newbie
3 January 2025 | 5 replies
I'm wondering how anyone does it in this area, or maybe I just have not been looking for long enough.I really would like to purchase in my area as it would be my first rental property, and I am most familiar with the northern VA area If this is not to be, I also am wondering what markets nearby would be better.I’m also in Fairfax County, and you’re absolutely right: Fairfax County and much of Northern VA are tough markets for cash flow, especially starting out without a substantial down payment.
John McKee
Looking back on 2024
3 January 2025 | 7 replies
The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.
Gregory Schwartz
What is a good occupancy rate for MTR
9 January 2025 | 8 replies
MTR is tough to gauge and is definitely depending on location.
Mitchel Johnson
College Senior- Advice on Multifamily/ House Hacking
29 December 2024 | 3 replies
My girlfriend and I are looking to get into Multifamily real estate investing and have looked into the possibility of house hacking, although a good property for it seems to be tough but not impossible in this area.
Kevin Robert Highgate
New to Bigger pockets - New to Investing
1 January 2025 | 3 replies
Quote from @Kevin Robert Highgate: The ability to invest in property and replace your W2 income quickly is tough.
Tomas Falcon
21 and want to get into the community
28 December 2024 | 7 replies
I've been teetering around the idea of house hacking once I am done with college, but a big issue I have come across when speaking to a mortgage broker is the fact that I need to prove 2x of the mortgage in monthly income.
Jaron Jackson
How to get rent payment from previous owner?
10 January 2025 | 8 replies
@Jaron Jackson, unfortunately, this one is going to be tough.
Justin Smith
noise complaints - couple fighting - NEED ADVISE
2 January 2025 | 10 replies
Send a certified letter today so you can prove that they received it.
George Casey
Need a Creative Lender
27 December 2024 | 4 replies
Unfortunately with those numbers it's tough to find a non-bank lender/financial institution that will lend.Usually loan minimums are $50K and the up to 75% LTV on purchase-money/70% LTV on cash-out refinancing, which basically means you need up 25-30% depending on the type of financing.