Carolaine S.
I just got bit by the rental real estate bug!
17 November 2017 | 13 replies
I’m here to ask the experts which route I should take, if any.Basic details about me: I’m 34, recently married and no kids but planning to within the next 2 years(this detail is just for you to know that I don’t have much restrictions on moving aside from commuting)I currently own a coop in Yonkers, NY with roughly 50k in equityI am willing to invest in the tristate area but if I have to live in the property I have to limit my distance to Bronx, Westchester and Connecticut.I also have enough saved to buy a 275k property with 20% down or the max allowed with an FHA loan (this is without having to sell my coop)I have excellent credit which will qualify me for loan without an issueThe way I see it I have 3 options in order to get started: Sell my current coop, buy a triplex in a worst neighborhood with more TLC needed, and move to into the property for at least 2 years to qualify for an FHA loan.
Robert Mouser
Evicting a 'tenant' whos not suppose to be there
14 January 2018 | 5 replies
She is your tenant.In light of the fact that you have little knowledge of the process you need to hire a lawyer.
Bryan Johnson
Advice for a new member
21 November 2017 | 6 replies
I’m not a lending expert, but I know most lenders want to see at least 2 years in a similar field.
Dustin Mathenia
My first possible motivated seller how should I do this ?
17 November 2017 | 1 reply
With that said, I would go research every post ever posted on Sub2 deals on BP and see who the SME's (subject matter experts) are on the topic and send them a message asking if they would and or have the time to help you with this matter.
Michael Liddicoat
How to purchase a portfolio and avoid tax penalties
17 November 2017 | 7 replies
I have limited knowledge of buying a portfolio.
Cody Harmon
Staring out as a new realtor, need advise
18 November 2017 | 5 replies
I also chose zip codes that I was really knowledgeable about but also weren't areas that have top selling homes - those are higher demand and more costly.
Jen Ruffner
Attorney Recommendation for Skokie or Chicago area
19 November 2017 | 5 replies
Chris is not only a great attorney, very responsive and knowledgable - he's actively buying & selling his own properties too.
Kim Johnson
Insane to take this on as my first deal??
21 November 2017 | 10 replies
And re: podcasts/research, I merely meant that we have been interested in REIfor several years, have a good amount of general knowledge, and I feel there comes a point that you need to pull the trigger and learn the nuances as you go.
Tim Boeving
New to Bigger pockets (App Discussion)
17 November 2017 | 1 reply
Went pro and the wealth of knowledge is amazing!
Carl Brown
Should I buy a cash flowing duplex in St. Louis???
13 January 2018 | 15 replies
I've never been to MO and have very little knowledge of the market.