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!!
Regina Bailey
Chicago Residential Lease Agreement 2023
9 March 2024 | 77 replies
While the standard Chiacago Association of Realtor's City of Chicago 2023 lease is updated and compliant with new 2023 security deposit rates and local ordinance, we always recommend implimenting an additional "overlay" or addendum that helps protect the landlord against many things that the standard lease cannot standardize that many landlords would like to, like no smoking.
Scott Johnson
Would you buy a property receiving under market rents?
8 March 2024 | 4 replies
Then you can either leave them be until they expire, or let them know that you will be undergoing renovations, let them know the new rent and possibly have one tenant living in a existing unit, while you renovate the other side, to which they will move in to the new unit once complete at the new rent rate.
Jay Martin
First Time Fix & Flip Partnership/Personal Loan Questions
7 March 2024 | 1 reply
I have several questions to answer before writing a proposal and would greatly appreciate any advice whether broad or specific:-What are the advantages of a partnership with a pre-determined percentage of profits shared VS a personal loan with a fixed interest rate?
Jason Etheredge
New Connected Investors PIN? Opinions? Game Changer?
8 March 2024 | 77 replies
I was 50 minutes into the CI webinar and almost got tempted.My alerts began rising when chat was filling up with comments such as "I'm In, where do I pay?"
Mark Callicott
Best list generator for land deals
7 March 2024 | 7 replies
I've seen people get really competitive rates that way.
Logan Hartle
Mini-Flex Space Development
7 March 2024 | 9 replies
Doing the due diligence on rental rates wont be an issue for me but I’m not a developer.
Chris Markham
New investor and new to the community
8 March 2024 | 10 replies
Evaluate historical and current vacancy rates, aiming for decreasing trends.Demographics: For younger populations, focus on proximity to parks and schools.
Jake Simon
HELOC on Investment Property in Ohio
7 March 2024 | 15 replies
No seasoning.Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.PenFed - max 3 other properties, 89% LTVRegions- yes HELOC but no LOCSCCU Florida 70% LTV, 6.25% interest only, not LLCSound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”TD BankTIAA Direct was EverBankTower FCU, all states except TX, max 45 DTI, green card ok.
Joe Branco
Looking for 2nd investment property. WWYD?
7 March 2024 | 6 replies
Current rate is 4.75%.