Tonia Burks
Newbie - Ready to Execute ASAP
22 May 2021 | 5 replies
I was certainly very hesitant to buy my first primary residence, but that hesitation really slowed down my wealth creation.
Scott Hamilton
New market suggestions
5 June 2021 | 27 replies
The main two things slowing our growth right now are lack of available skilled tradesmen and material shortages.
Justin Elliott
What's the strangest thing you've seen?
21 May 2021 | 0 replies
I toured a mix used building with a coffee shop on the first floor that also sold unmentionable intimate products.
Michael D Newcomer
Average cost of buying large 10 to 20 units
24 May 2021 | 12 replies
If inflation slows down then we can probably push this down the road a bit.
David Carl Lindahl
Landlord vs. Property Manager: The Myths and the Truth
21 May 2021 | 1 reply
Both sides went at it, and were 100% convinced that theirs was the right approach, and the other person was full of a cattle product.
Lindsey Buxton
BiggerPockets Survey | Help us improve!
21 May 2021 | 0 replies
Take the survey here.Lindsey, Director of Product Marketing at BiggerPockets
Menno Swartzentruber
Broker or lendor loan ?
24 May 2021 | 4 replies
However, just realize you will be just another "number" in their production process of issuing loans.In my view, residential mortgage lenders (non banks) are a dime a dozen.
Michelle Crochet
Condo Flip in Hollywood
21 May 2021 | 1 reply
Purchase price: $285,000 Cash invested: $45,000 Sale price: $555,000 This was a slow flip, where we updated every single surface of this place over time and sold it after the time required to benefit from the tax-free capital gains benefit up to $500k, which we did, and put into the next investment.
Luke Fuhrman
New Investor Deciding between Mortgage Lenders
25 May 2021 | 4 replies
@Luke Fuhrman nothing wrong with a company having multiple distribution channels with differential pricing for the exact same product (which bakes in differential distribution costs, such as super bowl ads, etc), but if you know that fact then you probably shouldn't be calling the most expensive of those distribution channels for the exact same product.Rocket's index is focused on the mortgage broker shop (eg, you wouldn't find me there)-- https://www.rocketmortgage.com...This other index lists specific individual loan originators rather than where their license is hung -- https://findamortgagebroker.co...Whatever looks appealing to you, cross reference google business reviews to make sure it'll be a good fit.
Will Stahl
Cashout Refinance 3 Family Properties
22 May 2021 | 6 replies
@Will Stahl The debt service coverage ratio (DSCR) loan product were designed for exactly your scenario. 1-4 unit properties are eligible, LLCs ownership, up to 80% LTV cash out (though I'm seeing most borrowers choose 75% LTV when they decide on rate), 30-yr fixed rate & term, rates in the 4s.