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Miami Market Trend: Low-Rise Condos
9 March 2024 | 10 replies
They have a blacklist which they're going to make public later this year but in the meantime a good mortgage broker can advise you on the specific buildings.
Bo Fender
1st Rental (Long Term), Worth Getting a Lawyer Involved?
8 March 2024 | 3 replies
Get an insurance policy - especially if you have a mortgage on it or self manage - LLC can easily be pierced if either of the above is true
Joshua Davidson
Basics of Maximizing Value in a BRRRR (4+ units)
8 March 2024 | 1 reply
When conducting a BRRRR of a property that a bank only allows a commercial mortgage on (4+ units), the ways to add value are much more straightforward than a smaller multi-family.
Anthony Theokary
I own a gutted house and I want to GC the rehab myself
7 March 2024 | 27 replies
@Anthony Theokary Directly from the Philaelphia L&I website: A licensed Philadelphia contractor must perform the work, except for projects on an existing one-or-two-family home that don’t require an electrical or plumbing permit.The scope of work you are performing goes far beyond the limited exception which falls within the EZ permit standards.
Andrew P.
cash out refinance investment property
8 March 2024 | 14 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
Tom Puiia
CPA Recommendation NH
7 March 2024 | 6 replies
It might be worth starting the conversation with your existing CPA on what you would like from them.
Jason Etheredge
New Connected Investors PIN? Opinions? Game Changer?
8 March 2024 | 77 replies
FWIW I have Propstream too, its the best public records (mortgages liens owners etc) soso MLS data and recent sales tool, can pull leads too.
Chris Terborg
Hello Everyone New to BiggerPockets!!!!
8 March 2024 | 10 replies
(generally takes 60-90 days to close an assumption)I purchased my most recent primary residence with a an assumable VA loan and am saving about $1,100 per month on my mortgage payment compared to a loan written at today's rates and I am also enjoying about 2.5x the principal paydown per month as well!!
Michael Pienkowski
Assumable Mortgage Chicago Multifamily
6 March 2024 | 4 replies
Hello All,I’m on my second house hack in Chicago. My first was a 2 unit with an FHA and my second was a 4 unit with my VA. I have no entitlement left on my VA.
I was a bit interested in Assumable a loan for a proper...