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7 December 2017 | 15 replies
They only drawback was I ended up putting in more of my own cash as opposed to the original plan of using none of it.
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4 March 2020 | 16 replies
The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.
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11 July 2020 | 18 replies
The problems can lie in the previous use of the property however so there is always drawbacks if you don't know the history of the property.
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17 April 2018 | 2 replies
I go back and forth between the benefits/drawbacks.3) If starting all over again, where would you focus your research/education?
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1 December 2020 | 18 replies
What have the people done to break in to wholesaling given the draw backs.
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6 September 2017 | 5 replies
Though if I were to stay in one of the four units and rent out the other 3 units, I would get $3000/mo-expenses.One drawback that comes to mind is that the MFH wouldn't be my primary residence and I would not qualify for an FHA loan.
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16 May 2019 | 11 replies
Only draw back is not a lot of assistance for new agents.
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15 September 2014 | 36 replies
All of the offers I received on my first flip I'm selling having been requesting Home Warranty to be included.I've read that some drawbacks include: Unpredictable response time; too many clauses/exclusions that providers can use to deny claims (drawn out process to dispute); you're using their contractors only; and it's up to them whether something gets replaced or repaired.I'm sure there are people that have saved tons of money using home warranties.
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4 June 2019 | 4 replies
[Beware = https://www.biggerpockets.com/renewsblog/house-hacking-drawbacks/]I would look for a 2-4 unit too house hack.
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11 December 2019 | 7 replies
To me this small mixed used buildings look very attractive, but I am apprehensive about getting enough appreciation to cash myself and a potential investor out with a refinance in 1-3 years.I'm looking for some guidance from those that have experience in these type of properties on the below:-What are the drawbacks of these types of investments?