Rebecca Gona
New to STR -Excited but scared- need to learn!
25 January 2025 | 12 replies
Maybe the 2017 tax and jobs act gets extended, but either way, if tax savings is the primary motivation, don't do it.
Devin Bivens
Let the NETWORKING begin!
12 January 2025 | 2 replies
I am looking to join a mentorship program to help lower my learning curve and until I find it, I am educating myself with books, as well as YouTube University and great advice from the BiggerPockets community.I do work full-time in a career that I love and is very rewarding, but I also know I won't attain my goals with my current job.
Michael Moya
Advice Needed: Loan Options for SFH under $120K
8 January 2025 | 5 replies
I do not have a traditional W2 job so I can't pursue the typical conventional loan or a FHA since I don't have income (hence the DSCR route).However, I've seen that most DSCR lenders do not lend if the loan amount is less than $100K.
Scott MacComb
Contract with general contractor on house flip
31 December 2024 | 13 replies
Unsafe working conditions: If the job site is unsafe and it’s not fixed, then the GC can end the contract.
Alan Mills
Seeking Strategies to scale up
21 January 2025 | 5 replies
Knowing which subs go deer hunting , fishing , will or wont work weekends , which ones are tied up on longer jobs , etc .
Monty Alston
Need creative advice to pull equity out of my home ?
18 January 2025 | 15 replies
Since you have work history, if you get a job with salary income and a credit score above 640 (680 realistically), a conventional cashout refi is within reach as soon as you reach those metrics.
Nicholas A.
How many markets to focus on at once?
22 January 2025 | 9 replies
I invested in Jacksonville, FL, because my old job would fly me there multiple times yearly.
John Reagan Johnson
Switched to a Property Manager
22 January 2025 | 9 replies
So, if you have 10 units and you are going to pay $1,500 a month and you are working on an active income job, too, this is an easy switch due to the labor mentally and physically (even if it is just phone calls) to get these rentals running as a well-oiled machine.
Rory Darcy
out of state investor wanting to invest in wisconsin or illinois
27 January 2025 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
Nick Hulme
Home Improvement vs Investment Properties
16 January 2025 | 5 replies
We live in the bay area because this is where our jobs are and we have family in the area, but we prefer to invest in landlord friendly states.