29 June 2020 | 8 replies
Syndications with materially lower barriers to entry are often new firms without track records or unable to raise capital from traditional sources, which could be a red flag.

27 June 2020 | 5 replies
MY father bought a house in 2006, the house is worth more what it was back then obviously. since then he have made all his mortgage payment. his payment is still the same. 1300 plus if im not mistaken. but my dad is like the poor dad in "rich dad poor dad" book. he believes the American dream is paying your 30 years mortgage. im still living at home with them but over the years ive been reading alot and developing this real estate mind. its a great game and everyday i think about how quick i can get started. okay back to the story, two years ago i remodel their kitchen. it cost me at least 25k. with a 1300 mortgage some time he still find hard time paying.

30 June 2020 | 9 replies
I like the search features: https://www.biggerpockets.com/search Thanks for the kind welcome-Honestly I don’t anticipate much in the way of networking as I’m not even in the same hemisphere as you all- no worries though ;) Hi Dave, BP is focused on American's and foreigners investing in the US.

8 July 2020 | 13 replies
@Franck Brichet Negative cash flow of $200/month is a huge red flag for me.

27 June 2020 | 4 replies
The question is: any specific items or red flags I should be looking for / have my contractor and inspector looking for and focusing on during the inspection?

28 June 2020 | 2 replies
This does two things: 1) Triggers your mortgage company to procure very expensive lender-placed coverage on the property, and 2) Raises a red flag about the title transfer.Attorneys will almost always tell you to set up an LLC for liability protection (and they're absolutely correct, if that is your only goal).
28 June 2020 | 1 reply
**Posting for a Friend**I have a friend that is closing on his home Monday 06/29, He has been working with a non builders lender but when he had called his lender if everything was good to go on Saturday for Monday 06/29, the lender mentioned Fannie Mae has flag the loan for too few comps.

6 July 2020 | 4 replies
That fee raises a red flag.

15 July 2020 | 3 replies
@Brandon Ngo I live in Utah County specifically American Fork about 10 minutes north of Provo and 30 minutes south of SLC.