Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Francisca Mac Interviewing Property managers. Please share your recommendations
28 June 2024 | 12 replies
We try to be flexible, but firm, because no one really likes a butthole landlord.  
Irving Rivera Asking for help about a deal in Chicago
28 June 2024 | 10 replies
In my opinion- East Garfield is a good bet for investors.'
James Moricca New real estate investor
27 June 2024 | 7 replies
Many lenders offer flexible financing terms for investors.Do you have any properties in mind?
Patrick Braswell Seeking a confidence boost
29 June 2024 | 11 replies
Your best bet is to continue going to local real estate networking events and speak with landlords and investors.
Herminia Ojeda Analysis paralysis...need help!
29 June 2024 | 13 replies
I bet dollars to donuts you will look back in 10 - 20 years and wish you had kept that home.Why did you sell? 
Sokun So STR Co-Hosting / Property Manager OTA Setup
27 June 2024 | 1 reply
Ensure the property manager is meeting your standards and expectations.Secondary question: Old Listings:Established Reviews: Old listings have a history of reviews, which can attract more bookings and build trust with potential guests.SEO Benefits: Established listings may rank higher in search results on OTAs.Brand-New Listings:Flexibility: New listings can be optimized from scratch based on current best practices and market trends.Promotions: OTAs often give new listings a visibility boost to help them get initial bookings.It's essential to balance the benefits of a property manager handling OTA listings with the need to retain control and flexibility over your property.
Austin Eilers Cash out refinancing out of a seller finance note
27 June 2024 | 5 replies
Your best bet is doing a DSCR cash out refinance with no seasoning if you can show you improved the property.
Damion Brown Investing in Philly
27 June 2024 | 7 replies
Hi Damion, There are flexible financing solutions for investors on fix and flip purchase transactions. 
Sumit Kaul loan agains equity/etf vs 401K vs other options
27 June 2024 | 2 replies
Here are some options and considerations:Loan Against Equity/ETFs:Margin Loans:Description: Margin loans allow you to borrow money using your investments (such as stocks or ETFs) as collateral.Pros:You retain ownership of your investments.Generally quick access to funds.Interest rates can be relatively low compared to other types of loans.Cons:Your investments are used as collateral, so if their value declines significantly, you may face a margin call (requiring additional funds or securities).Interest rates can vary and may be higher than traditional loans depending on the lender and your creditworthiness.Securities-Based Line of Credit (SBLOC):Description: Similar to margin loans, SBLOCs use your securities (stocks, ETFs) as collateral, but they typically provide more flexibility and may not trigger margin calls as easily.Pros:Allows for ongoing access to funds as long as your collateral remains sufficient.Interest rates may be competitive.Cons:Similar risks of potential margin calls if the value of your securities drops significantly.Terms and interest rates can vary widely among lenders.Comparison with 401(k) Loans:401(k) Loans:Description: Borrowing from your 401(k) allows you to access funds without selling investments, using your retirement savings as collateral.Pros:Typically low interest rates.No credit check required.Interest paid on the loan goes back into your 401(k) account.Cons:Usually capped at a percentage of your vested balance (commonly up to 50% or $50,000).If you leave your job, the loan may need to be repaid immediately or could be considered a taxable distribution.Potential opportunity cost of missing out on market gains if funds are withdrawn from investments.Other Alternatives:Home Equity Line of Credit (HELOC):Description: If you own a home with equity, a HELOC allows you to borrow against that equity at typically lower interest rates than unsecured loans.Pros:Lower interest rates compared to other types of loans.Interest may be tax-deductible if used for home improvements (consult a tax advisor).Cons:Your home serves as collateral, so failure to repay could result in foreclosure.Personal Loans:Description: Unsecured personal loans can be used for various purposes, including investing, but typically have higher interest rates than loans secured by collateral.Pros:No collateral required.Funds can be used for any purpose.Cons:Higher interest rates and stricter eligibility criteria based on creditworthiness.I am a loan officer and we do some of the loans stated above.
Sonja Montielh New to investing but excited to start!
27 June 2024 | 3 replies
Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.