Nicholas McCormick
STR in Bloomington, Indiana?
22 January 2025 | 8 replies
Collin and Michael both gave excellent advice.
Adonis Williams
Inquiry: Mortgage Interest Rate with Point Buy Down
14 January 2025 | 6 replies
If I can make a suggestion...Yes with 3 points you might be able to get into the 6's - but let me give a quick example:Let's say loan amount is $250k and making some other assumptions, paying 3 points down would cost $7,500 however that might only save $195/mo.
Zachary Rosa
1031 or not!
11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
Ilir Livadhi
New to the U.S., Experienced Renovator Looking to Start House Flipping
15 January 2025 | 10 replies
Philly has a ton of opportunity, but since you are new to the area, I would suggest waiting six months before you buy anything there so you can really understand the block construction of the area.
Jonathan Baptiste
Any advice on finding dependable contractors
22 January 2025 | 7 replies
Additionally, Gemini Contractor (239-362-0930) and Kelleher Renovations LLC (239-826-7624) are excellent options to consider for getting bids and making comparisons.For larger projects, I’d be happy to help directly as I have traveling crews through my construction business.
Bailey Rentz
Done with Stessa. Where should I go?
13 January 2025 | 10 replies
I don't use Stessa and never have so I don't know what's going on, but I suggested they take a look at Baselane, which is what I use.
Stuart Udis
Bigger Pockets Forum Suggestion
2 January 2025 | 2 replies
@Scott Trench & @Rene Hosman Have you considered implementing ways to verify identities of those who can post in the forums and perhaps even require full names? It will cut down on the fake accounts created to pro...
Jesus Nieto
Need help with SubTo Deal
22 January 2025 | 4 replies
If he must attempt to get the low interest rates of 2021 on this deal, I suggest that he instead look for assumable loans.
Caleb Rehg
Renting to College Students
12 January 2025 | 23 replies
New occupants will be coming soon, but in a 3 family, i have set of excellent student tenants that renewed.That said, many landlord insurance policies have exclusions for students, so I am trying to gather info on updating a policy to consider the fact that the building is only going to be 33% student occupied.
Nathan Frost
AMEX Business Line of Credit
16 January 2025 | 7 replies
I have recently worked with a company that has an excellent offer.