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+)
Kurt Thomas Opportunity to buy a house $50k under market value. Still worth it???
20 August 2024 | 3 replies
Would it be worth it to deal with it not cash flowing for 5 years and then sell it?
Michael Ruvido Expense or Capital Improvement?
20 August 2024 | 4 replies
Any info you can provide would be appreciated!
Elaine Goepfert PLEASE HELP...being foreclosed on because property is upside down
20 August 2024 | 81 replies
Kiavi has a cash requirement. 
Olga Daisel Discount me the sales price please
20 August 2024 | 14 replies
I might came up with cash, but it has to be discounted.
Fred Adadjo Rehab financing with partner(s)
20 August 2024 | 2 replies
The realistic return you can provide on their investment.If your answer to the first two questions is; " I do not have any."
Ryan McKinney Fix & Flip
20 August 2024 | 2 replies
Purchase price: $155,000 Cash invested: $215,000 Sale price: $417,500 This single family home project was a personal flip project.
Tracey J Shanklin LandLady and Voiceover Talent
20 August 2024 | 1 reply
I own 2 properties successfully and looking to acquire more to build my financial portfolio and to provide quality homes for those in need. 
Mathew Fuller House Hacking / investing in Fort Collins
20 August 2024 | 4 replies
@Ryan Thomson is an agent out in that area, maybe he could provide some insight into that market!
Marie R Maier Century home totally rehabbed
21 August 2024 | 1 reply
Cash Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Clayton Silva Local vs National
20 August 2024 | 2 replies
There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself.