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Results (10,000+)
Alex Smith First Investment Property - best financing options in high COL area?
1 July 2024 | 6 replies
There are many good lenders on BP that offer this product.
John O'Leary Apprenticeship - Pay to skip the line - Partnerships equal rocket ships
1 July 2024 | 2 replies
Here are a few things to consider..Work for an Established Wholesaler:Consider finding a reputable wholesaler in your local market and offering to work for them.
Jennifer Green Turned raw land into a 20 acre campground with cabins
1 July 2024 | 5 replies
We offered people in this area a place to stay that is enjoyable for the whole family What was the outcome?
Devonne Blackshear 200k in Equity
1 July 2024 | 1 reply
REITs offer a way to diversify your real estate investments without directly owning physical properties.Real Estate Crowdfunding:Invest in real estate crowdfunding platforms that pool funds from multiple investors to finance real estate projects.
Grace Simpson Help me decide: Owner-Builder vs. GC
1 July 2024 | 14 replies
You said you live in the house, so if it is for personal use only, that might play into the decision, and/or if you have a lot of room in the deal financially and have enough to pay for the higher priced, possibly better GC, that might be part of the decision also.In my experience, higher price doesn't always mean "better," but may mean more attentive and experienced and more and/or better resources (like better sub's, etc). 
Linda Roberts What is a right way not to renew lease with a problem tenant?
30 June 2024 | 9 replies
This is reason #42 why I only offer MTM leases.Now that that is out of the way, if they are on a term lease, just give proper notice to terminate based on your lease verbiage and local laws(!). 
Julie Muse Quick Profit on Pennsylvania Ave: Whole-tailing Success with Matt Rzodkiewicz
28 June 2024 | 1 reply
Profit Potential: Selling for $41,500 offered a clear profit margin.
Dan H. How often do LPs try to exit syndication offering before sponsor/GP exit?
28 June 2024 | 10 replies
@Dan H.Most GP’s don’t allow it, especially for accredited investment offerings because the purchase must also be accreditedWe have a reg an offering and have a death and disability clause that gives an out and have had one case where this occurred at of 700+ investors.As someone else mentioned, you would essentially be setting up an exchange which would require finra licensing and the licensing costs alone would make it cost prohibitive
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.
Patrick Braswell Seeking a confidence boost
29 June 2024 | 11 replies
What helped me build confidence were the following:-Listening to as many podcasts including BP as possible-Utilizing the miracle morning routine daily-Read as many real estate investing books that I could get my hands on-Attending as many local real estate meetups as possible-Finding a mentor that was doing what I wanted to do at a larger scale and providing him immense value so he would take me under his wing-Starting my own local real estate meetup-Walk as many properties as possible and make offers.