Ajay Malhotra
Using existing equity
9 October 2017 | 3 replies
I think a HELOC (Home Equity Line of Credit) could be very useful.You can open this up with a bank of your choosing and once approved for an amount you can let it sit there but it is available for use when you need it.This can be up to 85% of your homes value (maybe more?)
Robert Keller
How do you approach lenders about cash out refi?
15 October 2017 | 21 replies
You are choosing the road less traveled and there are challenges as a result.
Sidney K.
Investing outside of your area?
12 October 2017 | 14 replies
You have to be careful in the general market you choose and also research the specific sub-market within that market.
Oliver Santiago
Tenants requesting for a security door.
10 October 2017 | 9 replies
I t doesn't guarantee that they wont be broken into, but it makes it more likely the thief will choose an easier targetAnd buying and installing them doesn't cost much more than dealing with a broken door and door jamb from someone kicking the door in
Michael Klinger
Multi-family 1031 Chicken? Egg? Conundrum?
17 October 2017 | 8 replies
Possibly a property that doesn’t require you to finance or if you have significant tax liability (so you don’t blow your Exchange opportunity) you could choose to invest in a Delaware Statutory Trust (DST) which is sold through a financial advisor.
Calvin Strain
How do you run YOUR numbers?
12 October 2017 | 14 replies
Is there a certain % you shoot for in your profits or do you just randomly choose a number?
Rich Hupper
Mortgage and Bankruptcy
6 September 2018 | 12 replies
The Trustee gets a percentage of the sales amount if he chooses to sell the property.
Ben Lovro
9 Habits that Successful People Implement Every Single Day
7 September 2018 | 2 replies
What do you choose to do with your free time?
Justin Ward
Anyone use the Syracuse Landlord Property Improvement Loan?
12 September 2018 | 6 replies
The housing units must be located in the Syracuse Neighborhood Revitalization Strategy Area.PROGRAM DETAILS Loans of up to $25,000 per unit (including closing costs).The loans currently have a 6.99% fixed interest rate and a 6.99% APR.Loans are 50% pay back and 50% deferred (no payback).Landlords can use own funds to match grant funding.The landlord chooses the contractor (contractor will need proper insurances and certificates).The scope of work for this loan will be determined by the lead risk assessment and code violations.PROGRAM REQUIREMENTS Must be current on taxes & water bills, or in a payment plan.Property must have 1-4 units.Buildings built before 1978 will require a lead risk assessment and lead clearance.Tenant information is needed for properties NOT located within the Syracuse Neighborhood Revitalization Strategy Areas.
Brent Smith
New to BP, and Real Estate investment (N. MS and Memphis Metro)
1 November 2018 | 9 replies
Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.