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Results (10,000+)
Alan Mills Seeking Strategies to scale up
21 January 2025 | 5 replies
Here are some tips to keep your projects moving smoothly and scale up:Managing ContractorsControl Payments: Break the rehab into phases and pay contractors as they complete each phase.
Michael Deering Buying Rentals in Japan
25 January 2025 | 15 replies
(I am starting investor, please understand)So many guys are buying in second-hand market, when original can not cover their mortgage payment because of the depreciating rent, and let go of their property at great value.
Jackie Paugam Possible Tax Exemptions w Renovation a House
13 January 2025 | 2 replies
all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 
Patrick Braswell Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
As long as the rents can cover both the current PITI and proposed P&I payment, credit is at least 680. you should be able to qualify. 
Arshiya Taami is 95% LTV for a DSCR Loan that is 2.2 possible?
14 January 2025 | 15 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
Steven Rosenfeld What do you think of syndicate sponsor Goodegg Investments?
26 January 2025 | 51 replies
Have 3 investments in GoodEgg - 2 have stopped making payments.
Rich O'Brien I’m losing a house to unpaid property taxes. Need help
29 January 2025 | 19 replies
Explain your situation and see if there are payment plans or hardship programs available.The BiggerPockets forums have threads on tax liens and foreclosure prevention: https://www.biggerpockets.com/forums/41/topics/766025-surplus-funds-unpaid-taxes-in-foreclosure-saleAn experienced real estate attorney can advise you on your legal rights and explore potential solutions.Have you spoken with your local tax authority yet?
Alan Asriants The realities of when you start acquiring more units - unexpected vacancy
14 January 2025 | 9 replies
In my experience that's not actually the case at least in legitimate evictions for non-payment of rent or breach of another part of the lease.  
Dominic Mazzarella Turning Challenges Into Opportunities: How I Saved My Multi-Use Property Sale
19 January 2025 | 9 replies
I still remember the first loan payment coming due and wondering where that money was going to come from!
Jennifer Fernéz Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.