Boady Hatley
New to Bigger Pockets New to Investing .
25 June 2024 | 3 replies
Seems like there is a ton of valuable tools here for a new investor like myself !
Grace Simpson
Help me decide: Owner-Builder vs. GC
1 July 2024 | 14 replies
As much as I hate to admit it, many subs don't...respect women and will lie/deceive/misrepresent things, especially when they know you're new to this type of thing.
Julie Muse
Jenner Circle Flip: Major Profit in Modesto with Seth Choate!
25 June 2024 | 0 replies
Partner Driven added value to the Jenner Cir deal by investing $20,000 to $30,000 in targeted renovations.
Mike Liu
Seeking Advice on Strategies for Growing Portfolio from here
26 June 2024 | 10 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
Alvaro Tlachi
Sell or Keep?
29 June 2024 | 8 replies
New laws in Washington state allow for substantial growth potential.
Rabia Khan
Should i use part of a home equity loan to put a down payment on another house?
29 June 2024 | 4 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
Lucas Hunt
Splitting Ownership On A Rental Property in Dallas
29 June 2024 | 4 replies
What happens if one of you decides to buy a personal home and need the credit to qualify for a new loan so needs to sell this one to make it happen, but the other partner not ready to sell yet, or doesn't want the capital gains.
Ria Lamb
Putting a 1031 exchange property into an LLC (3 years later)
28 June 2024 | 41 replies
We would love to put the new investment property into an LLC right away.
Jonathan Greene
Why Being a Generalist as a New Investor Could Lead to Analysis Paralysis
26 June 2024 | 1 reply
But, far too often, I have seen new investors stuck in analysis paralysis because they are being a generalist.
Steve Mizer
Is there a BP app in the works?
29 June 2024 | 4 replies
Sorry for all the questions, new to Pro and trying to navigate the perks