Thomas Richardson
Private money lending
18 July 2024 | 20 replies
Once you have stabilized the property and satisfied long-term loan seasoning requirements of the bank, you'll refi to the less expensive long term lender.
Micah Loewen
Will appraisal value be influenced by a few unifinished renovations?
19 July 2024 | 7 replies
This is at the appraiser discretion if she/he thinks the repairs needed effects the value in anyway or not.
Max Bradshaw
Land Flipping Courses
21 July 2024 | 35 replies
They do talk about an SMS approach but also include mail & other resources.Jonathon has been teaching land for a long time.
Carlo D.
How did you build your team?
19 July 2024 | 8 replies
I usually will say who referred me to them and say that they are a friend, neighbor, family, etc and will then ask what their lead times usually are for work to be completed, how they communicate, are they comfortable working with me being out of state, how do they collect payment (terms and preferred method) and do they offer a business rate?
Rene Ochoa
Cash out refinance
20 July 2024 | 6 replies
Hi Rene, the programs that I often utilize for clients are capping cash-out refinances at 75% LTV and rate/term refinances at 80% LTV.
Aaron Rushton
New to the Game
18 July 2024 | 9 replies
Looking to start in Memphis buying long-term rentals or flipping.
Dani Sounthone
VA LOAN to LLC or not?
20 July 2024 | 4 replies
This approach can keep your personal and business assets separate.Review of VA Loan Terms: Before making any decisions, review the terms of your VA loan.
Jeff Chisum
10% Down Second Home/STR Loan Not Dead/Debunking bad info
18 July 2024 | 23 replies
Bottom line is you can rent out on a short term basis and you don't get into a legally binding agreement during the first year where you lose the ability to occupy the property when you so choose.2.
Tania Clara
Hello BiggerPockets! New PRO here
22 July 2024 | 7 replies
Hello, I think it’s really awesome that you’re just now beginning and you are already coming to the forums to learn so the first thing you need to do is to continue to stay on the forms and you also need to be reading all of the bigger pocketbook and start listening to their podcast to soak up as much knowledge as you can and as long as you do that, you will have all the knowledge you need to start and regarding your question I do not advise to buy a single-family house just to live in it without a rental property aspect so it’s OK if you want to live in the house as well but you will have to either get a multifamily property or you could also buy a single-family home and rent out the other rooms now see when you have a property that you use just for your family then you have to pay the mortgage every month which is building your equity, but that responsibility is solely on you whereas if it has some sort of rental property aspect, there will be other people helping you build that equity if you were to buy a property just for yourself that is something that will be taking money out of your pocket every month while as a rental property if you buy right will be putting money in your pocket every month the only exception to what I just said is if you buy a property for yourself or just for your family to live in, you could do a live-in flip to where as you’re living in the property you rehab it while your living there and if you buy right with enough knowledge, then when you turn around to sell the property, you will make profit
Danny Azon
New agent self representation/strategy question
21 July 2024 | 2 replies
If you are not bringing them business, some don't let you just take the money from your own sale, they wouldn't stay in business long if they allowed that.