Brandon Fisher
New member from RVA
4 October 2016 | 2 replies
I've been in the Air Force for the past 10 years and I'm hoping to use this as a means to becoming financially independent by the time I retire in another ten years so that I can focus on what makes me happy rather than what pays the bills.I am currently living in the Richmond, VA area, where I own a home that I will be renting out in another year or so when I leave here.If anyone has any advice, I am all ears and I look forward to participating in these forums!
Scott Prock
Clarification on Cap Rates
3 April 2017 | 42 replies
The explanation above is how the market as a whole reacts to perceived risk.However for a Specific building, paying a lower price means higher returns and lower risk.
John Foster
Newbie from Pittsburgh, PA
6 October 2016 | 8 replies
In addition to the local REIA's, check into local real estate Meetup groups (Meetup.com) and there's also area-specific Facebook groups.
Heidi M.
Buying a HUD house
6 October 2016 | 1 reply
There are also specific lenders that are HUD-approved.
John Young
New member -DFW
5 October 2016 | 1 reply
Hello all:I have heard about and used bigger pockets from time to time when I needed input on rather specific situations but have never been an active member, I plan to change that.
Joshua Sclafani
Bernie Sanders announces bill to close REI Tax "loopholes"
13 October 2016 | 17 replies
Matt Mason can be more specific on what you mean by this statement: "When you ask most Anericans would they rather have the gas tax indexed to inflation or increase the depreciation life real estate investors can take, I don't have much doubt which one they would choose."
Cory LaChance
Inherited Property; want to cash out refinance
6 October 2016 | 11 replies
Looking at the Fannie Mae website, I found the following requirements:Cash-out refinance transactions must meet the following requirements: The transaction must be used to pay off existing mortgages by obtaining a new first mortgage secured by the same property or be a new mortgage on a property that does not have a mortgage lien against it.Properties listed for sale in the six months preceding the disbursement date of the new mortgage loan are limited to 70% LTV, CLTV, and HCLTV ratios (or less if mandated by the specific product, occupancy, or property type – for example, 65% for manufactured homes).Note: Properties that were listed for sale must have been taken off the market on or before the disbursement date of the new mortgage loan.The property must have been purchased (or acquired) by the borrower at least six months prior to the disbursement date of the new mortgage loan except for the following: There is no waiting period if the lender documents that the borrower acquired the property through an inheritance or was legally awarded the property (divorce, separation, or dissolution of a domestic partnership).
Account Closed
Strategies for Self-Managing STR's
6 October 2019 | 37 replies
So more than looking for any specific service I'm wondering what self-managers are doing to automate services related to their properties.
Miles Stanley
First BRRRR deal - need advice
6 October 2016 | 9 replies
@Brent CoombsI do believe i could get all my cash back, I have heard this method preached by many people on BP over and over again and I'm convinced it will work...but you must understand that this is our first one so there is always the air of uncertainty since we haven't gone through the process.