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20 August 2024 | 4 replies
I had multiple offers, and a couple from Chile purchased it to move in for a couple years and convert to an Airbnb.
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19 August 2024 | 14 replies
@Linda West it is United Wholesale Mortgage, which you gain access to through a mortgage broker.To answer your original question, I like Navy Federal for the long draw period of 20 years, followed by repayment period.
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20 August 2024 | 3 replies
I have been with a property mgmt. company for the last 6+ years and thinking of managing on my own.
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20 August 2024 | 2 replies
This can be an extremely time-consuming and frustrating process but needs to get done.Borrower Calls – Once the servicer finds your borrower, they’ll make scheduled collection calls notating what transpired and what actions need to be taken.Collection Letters – A variety of collection letters are mailed out based on the delinquency of the borrower.Borrower Statements – Print and mail out monthly borrower statements.Incoming Funds from Borrowers– Any incoming funds from the borrowers will be received, recorded, and distributed to the investor, less the servicer’s fees.Year-End Tax Information – At the end of the year, the servicing company will print out all eligible borrowers who have made interest payments greater than $600.
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20 August 2024 | 9 replies
It's not fool-proof of course but after years of doing this that's my best recommendation on how to find the best of anything real estate investor related.
19 August 2024 | 1 reply
Hi, have a quick question for whoever may know the answer… Had a property for past 5 years.
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20 August 2024 | 9 replies
Published a couple of articles on this exact question here on BP last year - these should be a helpful referenceDSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...
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21 August 2024 | 10 replies
So in that respect it is a good option, and location is also very good.These are all studio apartments with a living area of 392 SF (not too bad from Waikiki standard), however the price in this building has already gone much higher over the past few year.
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19 August 2024 | 1 reply
Assuming we can get it rented, we would be able to pay off the new home within 10 years.
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19 August 2024 | 18 replies
An aspiring investor here, moving to Cleveland Ohio within the next year or so to househack my first property and begin my real estate journey by age 25/26.