Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Eric H. Help Eric improve his debt-income ratio....PLEASE!!!!!
4 June 2015 | 18 replies
Over the long haul, that will help to reduce the interest cost and help you pay down your overall debt faster.I would also look very hard at ALL household spending.  
Joe Boggin am I crazy/stupid or smart?
4 May 2015 | 2 replies
I will greatly go into my savings and probably only have a cushion of about eight months living expenses but I should be able to increase my household income in the long run.
William Johnson Lease to own sandwich with current owner
4 May 2015 | 10 replies
William there are two ways you can help this seller using leases and optionsYou have to ask yourself whether not the property is going to appreciate overtimeIf you feel it's not going to appreciate, you need to get a price below the market today on your option with the seller,  if you going to do a sandwich lease option and stay in the middleIf you going to do a lease option assignment where you lease with an option from the seller and assign thevdeal to a buyer for fee, it  doesn't matter what the price is as long as the price is today's value or lessWhen I talk to sellers I don't talk about lease is an option, I first go through three columns landscape in a yellow legal pad,  and show them the basics of the choices: 1) sell with an agent and pay the customary costs include sellers concessions, agents commissions, closing costs, vacant house holding costs, etc.The first column it's important to go through an example of their house value; what ever  the fair market value is, do that exercise so that the seller truly understands he's going to net a lot less money selling agent than ur solution2) Second solution entails leasing out with the property manager, and you go through the cost to lease it out and also the cost to repair and sometimes property managers tack on other costs like padding maintenance costsThen I talk about the risks involved with leasing it to an unproven tenant, and then having to evict the tenant, lost rent for 6 to 8 weeks, clean the house, remarket and screen the new tenant, etc.Before I go through my solution, I say a "what if statement" that is something like this:Before I say the "what if statement" it's important you understand that I am using "negative phrasing" here, and ""appeal to a higher authority" which works a lot in terms deals like lease options, sub 2, and wrap purchasesHere goes.."
Lee G. Millionaire RE Investor - Discount you Require
23 August 2015 | 22 replies
This is also called the internal rate of return (IRR).Cash on cash and ROI aren't as accurate or as comprehensive as IRR.
Shane W. FHA Expert
6 May 2015 | 7 replies
No, these programs usually have loan limits around 300-450, with household income limits of around 50-100k.
Brandon Monaghan Is it worth buying a duplex somewhere to live in and rent if I will be moving in a year?
8 May 2015 | 18 replies
Maintaining the property is virtually the same as running a household.  
Jim Brown What Job would you get to start in real estate?
20 August 2015 | 12 replies
I put bids together up to $1million so I'm pretty good at breaking down projects and putting together fairly comprehensive scope of works. 
Charles Ho Real Estate vs. Stock Portfolio
3 December 2016 | 80 replies
Most of the others are self-employed professionals, such as doctors and accountants...""...On average, we invest nearly 20 percent of our household realized income each year.
Benjamin Cowles What happens when collateral is in excess of the loan?
29 September 2015 | 7 replies
My comprehension skills aren't the best.
Jeff Gebhart What percent of an applicants income to rent do you want?
22 August 2015 | 4 replies
Do you require that household income be a certain percentage of the rent in order to qualify them?