Brian Mackey
Cash Out Refinance Question
7 May 2020 | 2 replies
Are the interest rates worse for a cash out refinance vs a traditional refinance?
Austin Nelson
Percentage in exchange for labor
8 May 2020 | 1 reply
My reasoning behind this instead of the traditional way is that I wouldn't have to front a lot of capital throughout the project.Any insight would be helpful.
Dan Flock
VA RENO LOAN - experiences
10 May 2020 | 2 replies
Anyone have any experience/tips etc for utilizing a VA RENO loan vice traditional VA Loan?
James Eilerts
Mortgage + seller financed deal
11 May 2020 | 4 replies
He seemed to be under the assumption that we would still need to put 20% down of that 100k.Thank You in Advance I would go the lease purchase option where you contract a price, pay him monthly rent and then finance it like a traditional loan in 3-5 years.
Niyi Odumosu
My First BRRR property (Philly)
3 June 2020 | 21 replies
I have some videos but I'm not sure if the bigger pockets platform allows for uploaded videos or not.
Nicholas Morgan
First Property - LLC for Property Management?
9 May 2020 | 6 replies
He still would be visible being that he purchased the property in his name through traditional financing.
Brian Henderson
401k and Roth IRA to buy rentals
12 May 2020 | 7 replies
You cannot invest in real estate via your run-of-the-mill retirement plan at work or a regular traditional or Roth IRA.You can roll funds over between retirement plans (depending on your current employment status in some cases) but there may be tax consequences if you're rolling over a pre-tax account into a Roth vehicle.Also, if you envision leaving the workforce in the future, you can still have a 401(k) - provided that you have self-employment income, you can establish a Solo 401(k) or a similar QRP.
Aidan Fox
Brrrr strategy or flip?
9 May 2020 | 4 replies
@Aidan Fox If the numbers work for you to BRRRR with a 75% LTV loan then they work as a flip which is nice because it gives you multiple exit strategies.As far as financing goes, the first two things to get a grasp of is can the house be traditionally financed in its current state and will you be using the house as your primary residence while the rehab is taking place.
Aidan Fox
Brrrr strategy or flip?
9 May 2020 | 2 replies
I would prefer owning it long term and use the brrrr strategy or should I just do a traditional rehab and flip.
Michael Temple
Capital Reserves vs. Inflation
11 May 2020 | 11 replies
The online platform is good and the service is pretty solid, but if my guy ever left and I was left with the next person in line I might think differently.