31 December 2024 | 8 replies
Thus, my taxes should be higher because of the income I generate.If I pay off the primary, I'll increase the amount I'm able to save monthly not having the mortgage, while also keeping the income generation lower on the rental because the mortgage remains open.Any thoughts would be appreciated!
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29 December 2024 | 1 reply
Quote from @Juan Ruben Cortez: I believe the funding fee is 0.5% of the remaining loan balance, plus maybe another $500 - $1,000 in lender fees.
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11 January 2025 | 67 replies
With inflation and interest rates where they are, real estate is a better way to hedge against inflation and build equity over time.
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23 January 2025 | 52 replies
One of the constants that I still see from when I first started on BP in early 2016 is the willingness of experienced ( some on this very thread ) folks in different aspects of real estate to try and help newbies and others with advice and perspective.I think it really is a testament to the fact that even though the investing environment has undergone many changes over those years the willingness to continue to help others has not changed.It helped me tremendously when I had to crash course on small MF ownership and I am grateful to all who helped with posts that they didn't even know that I had read and learned from.And yes the search function remains fairly useless and unchanged in that regard since then to the detriment of us all.
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24 December 2024 | 12 replies
@Breeya Johnson the entire market currently is in a cooling cycle with price declines and inflated expenses like property taxes and insurance.
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29 December 2024 | 15 replies
Most of the core aspects of your LTR lease remain, but there are a few tweeks that I think make MTRs easier to deal with and more appealing to your customers.
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21 January 2025 | 74 replies
Lee Arnold I don't know personally however my opinion on his system promoting private lending remains the same..
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30 December 2024 | 4 replies
So you’re confirming that this will hit my personal credit, and not just remain a LLC liability.
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9 January 2025 | 21 replies
. - and more..I'd recommend remaining active not only here on BiggerPockets, but in other valuable RE investment networks that you can find - i.e. local meetups (meetup.com, eventbrite, BP local events).