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Results (10,000+)
Dino Garcia II Partnering with VA Loan with Father on a Deal
6 February 2024 | 3 replies
Let me know if I am wrong.In the off-chance that the above is possible, I saw a post regarding VA loan entitlement, and I think I understand: https://www.biggerpockets.com/forums/311/topics/1150518-va-l...Dad's house purchased @ $815k x 25% = $203kCounty limit (my area): $1,149k x 25% = $287k$287k - $203k = $84k$84k x 4 = $336k is available for 100% VA entitlement.The house I am looking at is around $690k.$690k - $336k = $354kDown payment = $354k x 25% = $88.5kThe house looks like it was bought at $450k, so I am assuming that I will need to come up with around:$690k - $450k = $240k cash in addition to the down payment, Bringing the total to: $328.5k for cash to seller and as 25% down-payment based on the above.I hope I got all of the calculations correct, and honestly, the more I dive into it, the more I don't understand.
Stuart Udis Loan to Cost – Not All Lenders calculate equally
6 February 2024 | 3 replies
However, when it comes to selecting a lender solely based on leverage it’s important to understand what’s included in each lender’s definition of loan to cost.
Jenny Poon Seller Finance / Wrap Around vs Rent to Own of SFH Rental to Acquaintance
6 February 2024 | 1 reply
They are looking to either keep it as a rental or occupy and rent out their current property.I understand the large risk of buyer non-payment and activation on due-on-sale clause.
Bette Hochberger Real Estate Taxes: What Every Property Owner Should Know
6 February 2024 | 0 replies
The key to managing these taxes effectively lies in understanding the assessment process and being proactive in tax planning.Key Points:Assessment Basics: Your property tax is a percentage of its assessed value.
Kaylee Ryder New investor needing good lender
6 February 2024 | 4 replies
I understand the importance of finding the right lender experienced with first-time investors/buyers and supportive of your unique positions as a business owner and W2 employee.As an investor, my network includes trusted mortgage brokers and lenders experienced in working with first-time investors and understanding the nuances of investment property financing.
Griffin Sisk Pooling Money With Trusted Friends to Buy Real Estate?
6 February 2024 | 14 replies
I'd suggest you understand the differences between lending and equity positions and follow the tried and true methods of partnerships, joint ventures etc.
Will Pickering What Info You Are Looking For As An Investor
6 February 2024 | 9 replies
We all take our lumps when we are new but I am hoping to help some other new folks on both sides of the fence understand how to best interact2.
Josh Hall Property with no ground receptacles
7 February 2024 | 8 replies
I do #2 and #3 as they apply with a preference for rewiring.This exercise is helpful in developing an understanding of which circuit breakers control what.
Rob Beardsley How do you calculate annualized return with refinance?
7 February 2024 | 5 replies
How do you go about accurately generating an annualized return % in this situation (I understand IRR is the superior calculation but investors like to know metrics such as equity multiple, annualized return, and IRR)?
Eric Sulek I'm stuck, help me out please
7 February 2024 | 4 replies
Rather than pay off your debts, you could take your initial seed money to invest with a rate of return.The big thing right now is just understanding and ensuring your rate of return on any investment you do with the cash on hand is higher than the interest rate of what you are paying off.