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11 March 2020 | 12 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.
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11 March 2020 | 5 replies
Specifically, for the strategy I used, I did have to have quite a bit of money saved up ($90k) and that was from yrs of saving before, during and after the military.Before I even knew about house hacking and 4plexs and the VA home loan I was building my credit just because and just saving nearly my whole paycheck while I was living in the barracks, eating the food in the DFAC (Chow hall), no expensive toys and even after my contract ended I moved back home and lived with my dad for free and continued saving nearly my whole paycheck while I was working for AZ DOC as a Corrections Officer. basically, just keeping my expenses as low as possible and stacking cash away so I could take advantage of opportunities.So, it would behoove you to do the same and keep your expenses low, don't go into debt buying an expensive doodad like a $40k car, and a bunch of bad debt, and take advantage of one of the greatest loan products on the market!!
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6 March 2020 | 3 replies
I am looking at a 2.2 million complex and with only capital of half the down payment for 20%, curious if there are loan products to bridge the gap or make a larger purchase more realistic (minus getting additional funding).Thank you!
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15 March 2020 | 16 replies
Usually $25/month more in the second year, another $25 in the third year, and then it coasts there, but each side can decline to renew after the third by giving 90 day notice.
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11 March 2020 | 6 replies
You might find a commercial product that will allow for less down (generally you have to have a track record to get those products).
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14 March 2020 | 5 replies
So you'd either need to refi the Miami property (not a bad idea considering where interest rates are and the ability to shed PMI) or use another loan product in LV.
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11 March 2020 | 0 replies
While I’ve dropped production to 20-30 transactions per year, and try to hand off as much of this as I can to the other agents in my company, this is still my main source of income and how I support my family.
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25 February 2022 | 20 replies
I had so many issues with August, that I have committed to never buy any of their products ever again.
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13 March 2020 | 7 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proUse the Bigger Pockets glossary to learn more about real estate terms that may be new to you: https://www.biggerpockets.com/rei/glossary
12 March 2020 | 2 replies
It takes time, not over night, but networking right here is your best productive option.