Steven Hsu
CPA in Dallas, TX
3 January 2025 | 5 replies
I went through this whole process recently of researching for Real Estate CPA and finally went with referral from friend that also invests in real estate.
Jacob Anderson
Is it foolish to use a HELOC for a down payment on a rental property?
6 January 2025 | 11 replies
We recently bought a property using a HELOC and rehabed it's then refinanced and got most of our money back out.
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Sharad Bagri
Umbrella Insurance for partnership
2 January 2025 | 2 replies
A friend of mine recently got a $2M umbrella policy for around $300 annually by bundling it with home and auto insurance; it’s worth exploring.Out of curiosity, are you primarily investing in residential properties or venturing into commercial spaces?
Briley Roe
Hello BiggerPockets! New PRO here
2 January 2025 | 3 replies
I personally owned a rental there for 7 years, but I just recently sold it.
Michael Reilman
Best Low-Flow Toilets?
17 January 2025 | 14 replies
@Michael ReilmanI installed the Aquasource Henshaw from Lowes in all 20 units I recently rehabbed and they've been great so far, and as an added bonus they're ADA height which is awesome for bad knees!
Sri S.
Which short term mgmt software is better for sending automated messages, pricing
29 December 2024 | 9 replies
I used Hostaway for the last year and the they recently snuck in a 1.8% fee for our direct booking site.
Jimmy Edwards
Ready to do deals!
10 January 2025 | 9 replies
I recently looked at an existing STR, but either the seller did not track the expenses or they did not want to provide them.
Melissa Glynn
20-Year Austinite Relocating to Charlotte, NC - New to BP!
7 January 2025 | 5 replies
As someone who has spent a lot of time in ATX and recently moved from CLT I'd be happy to connect with you!
Nadine Wallace
Advice on temporary security cameras during rent-ready repairs on long-term rentals
16 January 2025 | 7 replies
We have had two homes broken into and materials stolen recently.