Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Ryan Yu Selling a previous marijuana grow house
8 April 2024 | 2 replies
I read somewhere that only 5% of real estate agents know that previous marijuana grow in a house has to be disclosed.
Daniel Angelino New to Chapel Hill/Raleigh
8 April 2024 | 13 replies
Investor and agent local to Raleigh.
Jimmy Stretz Platinum STR at Vail Racquet Club offers highest rental revenues possible!
7 April 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Quiana Berry NACA loan pros and cons- Worth it for aspiring investors?
7 April 2024 | 8 replies
When you're ready to refi, you'll simply need to request a lien release from NACA (basically your mortgage agent sending over a bit of info to NACA). 
Dan Sundberg Renting out former primary residence
8 April 2024 | 4 replies
Too much cash sitting idle- Townhouse - appreciation has underperformed Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Ornella Kaneza 50k in equity and want to pull and invest
8 April 2024 | 4 replies
Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.
Steven Rago What process do people use to rent out a unit that is in another state?
7 April 2024 | 8 replies
Otherwise, you could use a real estate agent.
Joe Hammel $100k Annual CASH FLOW with 23 Doors
9 April 2024 | 21 replies
Major issues, numbers just aren’t that good, hiding something and wholesalers aren’t bound by the code of ethics to disclose issues like agents are etc… We also have a competitive off market, market.
Eddie Knoell Do Investors pay 2 times the property taxes in Indianapolis?
8 April 2024 | 7 replies
Hello Bigger Pockets, I am interested in purchasing a single family residence investment property in Indianapolis and I was told by the real estate agent that if I purchase it as an investment property that the property taxes would double.
Amy Wei Ru Chang 600k cash...how to allocate in sky high market for investment properties in LA area
7 April 2024 | 33 replies
With that amount of money, your agent should be able to easily find cash-flowing, multi-unit properties in Los Angeles.