Danny Lee
Should I purchase my first home or keep renting?
20 January 2020 | 1 reply
You might find this recent article very helpful in changing some of your assumptions on the housing market: https://www.economist.com/special-report/2020/01/16/housing-is-at-the-root-of-many-of-the-rich-worlds-problemsGood luck and PM me if I can help you.
Ashley Crump
Newbie Investor, Direct Mailing Partnership?
21 January 2020 | 8 replies
I have been reading BP blogs, listening to podcast, and watching Webinars.
Sylvia B.
Cap rates make no sense
21 January 2020 | 11 replies
I've read this article by Sergio Altomare - How to Calculate Cap Rate (& Where Many People Get It Wrong) several times and there is something that just doesn't make sense to me.
Nathan Doherty
Using a VA loan to get a second property
21 January 2020 | 3 replies
Here is a good article that talks about the property requirements for VA loans:https://www.veteransunited.com/education/house-hunting/va-property-requirements/Just know that if a property you are looking at does not meet those requirements, you could negotiate for certain repairs to be made in escrow to meet those minimum standards.
Alonso Fernandez Maldonado
BRRRR Refinance question
20 January 2020 | 2 replies
I wrote a piece on this very topic you might find helpful: https://www.biggerpockets.com/blog/a-quick-guide-to-refinancing
Timothy Howdeshell
My first flip (out-of-state and virtual)!
20 January 2020 | 1 reply
If someone wants me to post that article here on BP (or if I'm not supposed to post links...I can't find the guidelines) please let me know!
Nicholas Hoffman
Should you own a primary residence before investing?
21 January 2020 | 9 replies
I’ve read several books, listen to numerous podcasts in BP and have read several articles on the forums.
Thomas Smith
Experienced Real Estate Lawyer
22 January 2020 | 6 replies
You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfCreating an LLC in California would cost you a minimum tax of $800 every year.
Justin Stetson
Single/Multi Family homes. Question
21 January 2020 | 4 replies
If you believe this is a future a for you, then be ahead of the curve and jump into MFH now.Here's a post to help you further: https://www.biggerpockets.com/member-blogs/10850/87253-should-i-scale-my-investment-from-single-family-homes-to-multifamily
Trevor Bogus
How Important is the 1% rule?
29 January 2020 | 5 replies
I have read a few books so far (Rich Dad Poor Dad, Set for Life, The Househacking Strategy, and a couple others) as well as tons of blogs and posts on here.I want to start househacking and in a year turn it into a rental.