Jonathan Hernandez
CAN I DO THIS AS A FUNDING STRATEGY FOR MY FIRST FIX AND FLIP ?
26 September 2018 | 9 replies
well because id figure id have a smaller amount to pay high interest on for HML OR PRIVATE lenderand because i feel an LOC for rehab seems better since i only use what i need and pay back what i used instead of taking out ONE HUGE loan and paying interest on that huge loan. im thinking i may only be able to do this using the “B” strategy if the HML interferes with getting an LOC.since id potentially have 2 loans on file. like i said this would be my 1st flip so some advice from those of you who would know if i can actually try this out would be appreciated. if not then what am i looking at for plan “C“C) suck it up, Get it all under one loan and pay the high interest?
Louis Sulek
Newbie from Ontario - the province, not a town, eh?
12 October 2018 | 11 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-bpThe 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.
Elijah Glenn
I have questions but I'm not sure
27 September 2018 | 3 replies
Podcasts are a great first start, but you should spend a significant amount of time reading some books, the forums, etc.
Brian Lyons
Orlando short term rental advice
26 September 2018 | 10 replies
Some owner's will waive the fee if the renter stays for a certain amount of days.
Curtis H.
Looking for STR Host in Atlanta Area
17 October 2018 | 21 replies
You could probably double or triple your profit each month with a STR, but you would probably quadruple the amount of headaches and responsibilities.
Christopher D Bradbury
Law Degree for the license.
15 April 2019 | 1 reply
A custom trust document can be thousands of dollars, title work always costs more than really necessary, and I end up writing most of my own contracts now anyway (at a fair amount of risk I'm sure).
Brock Maggard
new member introduction
17 October 2018 | 3 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.
Jeff Nishimura
Evicting Tenants with New Ownership in Ontario
25 September 2018 | 1 reply
The amount is negotiated with them directly.
Tito Huynh
Advice on a couple leads
26 September 2018 | 4 replies
If you own your own home in the area (or know someone who does), the amount you're paying for homeowner's insurance is usually a reasonable estimate.
Luke Faulconer
How to use my capital??
25 September 2018 | 1 reply
Depends on your goals, your timeline, the amount of money you are planning on investing, the cash flow it generates, if you are married or single, your annual income, your tolerance for "tenants, turmoil & toilets", and a couple of other things.