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+)
Matthew Neuhalfen Iowa Laundromat Selling
30 June 2024 | 4 replies
Not sure they’ll understand how to price the equipment though, but hopefully they’ll have contacts to provide you.On another note, why are you guys selling?  
Julie Muse Safford St Flip: Quick Profits in Bennington with Karen Schneyer!
28 June 2024 | 0 replies
Partnering with Karen Schneyer provided valuable local insights, making this an attractive and strategic investment for Partner Driven.
Damion Brown Heloc Vs Hard Money Loan
1 July 2024 | 6 replies
Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.
Julie Muse Park St Flip: Quick Profits in Saint Paul with Zachary Clemmensen!
28 June 2024 | 0 replies
Partnering with Zachary Clemmensen provided valuable local insights, making this an attractive and strategic investment for Partner Driven.
Julie Muse Stanislaus Ave Flip: Big Profits in Angels Camp with Seth Choate!
28 June 2024 | 0 replies
Partnering with Seth Choate provided valuable local insights, making this an attractive and strategic investment for Partner Driven.
Arshiya Taami House Hacking FHA Loan
1 July 2024 | 8 replies
I would advise making sure you provide only the most necessary information to your loan officer.
Reina Phee Cold Calling Preforeclosures
30 June 2024 | 9 replies
Great job, you just told a potential seller in distress that they can't provide for their family.
J. Nicci Coffie How to Create a New Lease When Renewing a Long-term Tenant
27 June 2024 | 4 replies
The original lease was provided by the Real Estate company who listed our place for rent and secured my tenants. 
Aubrey Ford To handyman, or act as my own GC, or spend for the GC?
2 July 2024 | 26 replies
The rehabs also do not provide me the same sense of accomplishment/entertainment as they once did which is also why this may be my last project as GC    I plan on using a GC next time but have zero regrets having been the GC on numerous efforts.  
Derek Nemec What Is Your Risk?.
30 June 2024 | 2 replies
So, acquiring the property for a $2,100 cost with potential earnings of $2,900 is acceptable in your evaluation, provided there is sufficient financial backing to cushion any potential setbacks.Thank you, Frank!