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8 January 2025 | 6 replies
It’s in pretty good shape at this point, rentable.I travel a lot for work, and a friend gave me the idea to do a short term rental as a one bedroom, locking all of my stuff in the other bedroom and office - I applied today and was denied because I don’t own both sides of my HPR, even though I have written permission from the owner of the other half….
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10 January 2025 | 8 replies
The wholesaler had no idea.
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10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
3 January 2025 | 8 replies
I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...
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29 January 2025 | 25 replies
(saving the money to have your own deal is the worst idea)
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9 January 2025 | 116 replies
If you want to check out that article here it is.https://www.biggerpockets.com/forums/223/topics/28...It has been a rough past 18 months trying to find another sweetheart deal like my 16 unit.
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13 January 2025 | 10 replies
I keep wanting these to work, I really love the idea of this asset class...
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21 January 2025 | 20 replies
I think it's usually good to try to scale, so I like the idea of trying to go from 1 to 3.
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26 January 2025 | 33 replies
I can think of probably another 100 questions, but you get the idea.
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26 January 2025 | 12 replies
There are plenty of websites that can give you a good idea of property values in your area.