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 (9,966+)
Erik Mogan No money or credit, plus my job stinks. (Advice request)
14 February 2018 | 66 replies
I have been in the (rideshare trap, 😂) because I needed to supplement some money and it gives me an opportunity to network and find properties while getting paid.
Elizabeth D. Vent! Why is real estate investing so shady!?!?
16 March 2018 | 78 replies
("You" as in the generic you, not personally "you", Mel ;))It was SO odd/weird, that a humble note of "nahh these meetings are not for me" cased such a panic to some people here. hmmmm interesting!!
Jonathan Brennan Landlord Eviction Through Text message? No prior notice Given
8 May 2018 | 22 replies
Quite literally the notice is the generic image you get when you type into google "Notice To Quit - Lease Termination" and it wasn't notarized by a court or lawyer, the notice only terminated the lease, which we never had one written, and put us on a month to month lease with no date to leave the property.To clarify it even further, the Notice to Quit was a placed on the door of our part of the Duplex four months ago and we just received a text message today saying we have to leave by Wednesday next week or he will seek legal action.
Dante Anderson Best way to start investing
9 May 2018 | 17 replies
So are you prepared to supplement the costs of this property with the expectation that appreciation will be enough to still provide a worth while ROI?
Terry Lao In order to succeed..............someone or others must fail ?
18 August 2018 | 95 replies
If applied farther up stream to the seller and the buyer, your theory still is to generic to be a valid point. 
Miranda Simon How To Spot A RE Guru
11 November 2018 | 62 replies
I do like the personal people-to-people connection which helps supplement that book or information obtained off the internet.
Mary Jay What maintenance items (upkeep) to do on a rental?
21 June 2020 | 10 replies
It's nothing that can't be handled by the tenant and a fly swatter.I recommend using a generic list like the one I shared and customizing it to suit your schedule and local needs.
Natalia Barriuso Ductless mini split AC system for rental
3 November 2019 | 12 replies
The second, is whether the cost of electric heating is OK compared with natural gas. 1) I make sure to install those units that also have a resistive heating element to supplement the heat pump for heating. 2) You need to check your local electricity rates and perform a comparison to see if you're comfortable with the costs as against natural gas.
Jaydin Perez What are the Best/Worst ages of property to buy?
26 April 2020 | 17 replies
@Paul ScozzariAfter the 2005 housing boom, builders used Chinese drywall was being supplemented because of the lack of U.S drywall supply.
Aaron Wadsworth Asking for critique, suggestions and advice on 3 potential plans
30 June 2022 | 17 replies
Similarly, unlike substituting international reports for FICO or using 'Non-Traditional Credit Reports' (NTCR) it's highly unlikely that any bank would consider ATO tax records for a conventional loan, given both that it's another country and the job/business has since been left in order to migrate. c) If possible after one year, refinance to a more generic loan in order to buy a new FHA fourplex using whatever savings have been gained in the preceding months through cash-flow and W-2 income.PROS:*Highest leverage of all paths available;*Largest safety net of cash-in-bank, and;*Increased turnaround for new projects.CONS:*Employment verification, credit history, and IRS records non-existent - multiple positive judgement calls from lender needed;*Delays before scaling allows full-time REI;*Maximum limits to property units and value - 4 units and ~$809,000 for a fourplex (2.v)2.i - List of some Maine lenders, with whether they offer FHA (https://mainehousing.org/progr...)2.ii - Information regarding how to get a no-credit-score mortgage (https://www.lendingtree.com/ho...)2.iii - FHA loan without a credit history (https://www.fha.com/fha_articl...)2.iv - FHA loan requirements + No income minimums (https://time.com/nextadvisor/m...)2.v - FHA loan value limits by unit size for Maine (https://www.lendingtree.com/ho...)3 - A quick start at a moderate scale (DSCR or private) This is my current focus of research as at 25/06/22 and any contributions, suggestions, critiques, or references are worth their weight in gold to me.a) Find ten wholesalers who are focused on or who happen to find Maine multi-families, with a view of analyzing each <16 unit building that gets mailed to me. (2/10)b) Find twenty lenders operating nation wide or in Maine who offer Debt Service Coverage Ratio (DSCR) loans or private money. (3/20)c) Purchase one <16 unit multifamily with whichever available credit type is most appropriate (3.i) - either moving to the address on closing or renting something cheap in-town depending on whether or not the lender allows owner occupation.d) Move to full-time REI, or part time if cash flow does not support growth.e) Exit plan would depend on cash flow, regional trends, and the characteristics of the loan and future financial market and cannot yet be assessed properly.