Steven Catudal
New member currently under contract for first multi-family
26 June 2024 | 10 replies
My plan is to live in the duplex for the first year as required by my loan and then rent out.
Hamp Fay
Hello BiggerPockets community!
26 June 2024 | 5 replies
I always recommend attending local meetups where you're getting started.
Jaekwan Lee
Use FHA or conventional if you just started investment but you have enough downpaymen
26 June 2024 | 8 replies
I highly recommend that you utilize a low down payment loan (preferrably 5% down since it has less closing costs, you can get out of mortgage insurance once you hit 20%, and you save your FHA for another purchase) and move into a 3-4 unit property.
Deepack Kris
Vacation Home with 10% down
26 June 2024 | 5 replies
Any recommendations for lenders who can offer 90% LTV for buying secondary/vacation home?
Bernard Golden
Real Estate Professional Time Tracking
26 June 2024 | 14 replies
Looking for recommendations for a time tracking app suitable for real estate professional status qualification.
Jason Pender
Which BP Bootcamp should we attend?
26 June 2024 | 1 reply
I'd recommend building up a base of knowledge, then using the bootcamp to take actionable steps. good luck!
Deborah Lynch
Has anyone worked with Core Capital Lending?
26 June 2024 | 7 replies
Just wondering if anyone has worked with Core Capital Lending and if you would recommend them.
Coty B Lunn
Residential vs Commercial Real Estate
25 June 2024 | 2 replies
Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price.
Phillip Dixon
Advice on Trust/LLC Banking, etc!
26 June 2024 | 3 replies
@Phillip DixonI recommend finding an accountant who specializes in real estate taxation.
Martin Neal
Another Successful BRRRR in Chicago!
26 June 2024 | 15 replies
PermaSeal recommended a drain tile system which I agreed to.