Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
You seem to already have US based accounts, so you are good there too.The last item here is the definition of "good".
Devin James
Do you prioritize equity growth or cash flow in your investments?
5 January 2025 | 18 replies
As expenses fluctuate (property taxes, insurance, maintenance items, etc), the cash flow is up and down and unreliable.
Kevin Robert Highgate
New to Bigger pockets - New to Investing
1 January 2025 | 3 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
Alex Hall
Subto FHA problem
20 January 2025 | 57 replies
If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.
Vanja Dimitrijevic
Cash out refinance primary residence to buy another
8 January 2025 | 8 replies
However, it's important to be cautious, as sheriff sales can be risky for inexperienced individuals and may lead to significant financial losses.3 - Referring to point 2.4 - I can provide you with some recommendations for CPAs who are based in Ohio.
Paul H.
Questions when working with a new/unfamiliar wholesaler
30 December 2024 | 7 replies
You can get some estimates from contractors for what they charge for big ticket items like to renovate a bathroom, renovate a kitchen, replace the furnace, replace the roof, etc.All wholesale deals should have free and clear title and you should be able to see the sales agreement before submitting the earnest money deposit.
Martti Eckert
Long Distance BRRRR in Ohio
17 January 2025 | 22 replies
When vetting contractors, check if they’re licensed and insured, ask for at least 3 references and call them, and get detailed written estimates and timelines.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
The AP has to be open, notorious and hostile...those terms have a legal meaning and essentially it is that you as the owner have been fully deprived of your right to the property.Absent those items above, it sounds like at best they have another legal right which is a "prescriptive easement".
Jesse Streng
Detroit Property Manager
4 January 2025 | 20 replies
Other's are cautious to share their resources so they dont burn bridges if things go south with a referred investor.
Max Edward Connelly
Topeka, Kansas real estate investing
3 January 2025 | 12 replies
I like the location and the price is 650kHey Max, you are referring to the old Gem building.