Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (430)
Breonna Mahana Lenders; Denied on Pre-Approval, no consistency! Why is this?
19 September 2022 | 13 replies
@Breonna MahanaEmployment history is based off of a 2-year history, in the same job or similar job with no gaps and no decline in income.Whether you leave a job cordially or go out on a blaze of glory doesn't matter to an underwriter.
Charles A. Reality Check:Real Wealth in Real Estate.
26 September 2022 | 0 replies
This is my first post in 3 years.The market is in a very different place in that time.There has been a pandemic,and interest rates have doubled.Social media posts from baby syndicators and operators have slowed,if not outright disappeared.No prizes for guessing why.If you are a newbie reading this,you should never forget this cardinal lesson:Real wealth in real estate is created with equity,not cash flow.And certainly not with transactions.That's why the maxim says "we make money when we buy,not when we sell".It's because you run into all sorts of factors that may be outside your control WHEN you sell,IF you have to sell.Equity builds over time.Slowly.Patience is a virtue.It's why long term buy and hold will remain the king of the real estate game.Not Flipping,not syndication,and certainly not vacation rentals.You must diligently prioritize buying and OWNING your own piece of dirt financed with LONG TERM debt,preferably conventional loan that is deliberately underleveraged in a niche unlikely to be legislated out of existence by sensible new city or county ordinances predictably aiming to protect the local economy.That's how you keep your assets in ANY cycle without having to close bad deals in order to make another buck for another day.Even if you like the passive side of investing in syndications,you must be smart enough to understand you never actually OWN those units.So when someone tells you they own 2000 or 3500 units,call BS.When prices and rents are surging with historic low interest rates,even a 12th grader can become a hotshot syndicator overnight with the right amounts of flashy social media posts with rented red Lambos,Richard Mille watches and private jets strategically inserted.When rates rise,as they have,and projections and proformas head for the toilet,we see many who have been swimming naked.The skinny bad deals closed in a blaze of hysteria and chutzpah circa 2017/2018 with 3% interest rates are coming up for refinancing or sale today.It's 2022.Many of them have 5 year balloons.That's the place the crash everyone has been debating to death is going to start.Exit strategy in real estate is more complicated than can be taught in a 3-day bootcamp.No matter how much you paid for the course.Keep it simple.Real estate is really very simple. 
Nick Intrieri Tear Down and Rebuild Costs?
5 June 2016 | 6 replies
While that's a pretty good deal for the area, especially for 2 family (JC Heights is blazing hot),  the condition of the interior is it rough shape.
David Dey Craziest investor stories
19 November 2015 | 15 replies
We all ran out and sure enough there was a blaze running up the side of my building easily 30 feet high.Apparently the guys who were emptying the warehouse had left a large stack of old mattresses pushed up to my office’s back wall.Now I have an interesting piece of trivia for you.
Debra Lamm HELOC vs. unsecured line of credit for rental
27 March 2016 | 11 replies
Which is why I'm not rushing in guns blazing!  
Holly Jackson Landlords: What would it take to get you to allow pets?
8 April 2016 | 19 replies
We are in a blazing hot rental market.  
Matthew Crawford I think I've found my tribe... Newbie from SC living in CO!
17 April 2016 | 12 replies
I have a million more questions and I am very eager to listen to those who have blazed their trails before me.
Benjamin Barredo Newbie from Knoxville, TN
22 February 2016 | 7 replies
You may find, after 6 months of REIA meetings, podcasts, biggerpockets, coffees and/or lunch with every local investor you can pin down, that you know as much as the speaker and are blazing your own path.
Bill J. Seller/Private lender opportunities
1 May 2016 | 4 replies
not an expert at this .. but without blazing hot multi has been the last few years the only properties that I see that are owner financed are usually way over priced or in very tough Ghetto type settings.
Juan Aguilera convincing a spouse that real estate is for us
31 March 2016 | 17 replies
He's all about being safe. .and usually I am too but I also am a firm believer in blazing your own path.