I have a HUD property on contract which expires on 1 Dec. I had 45 days to close. Since this is my third property I chose not to go with a conventional loan. I assumed banks wouldn't want to talk to me anymore. Plus I...
BackgroundIn 2010 I bought a bank owned 3 bed 2.5 bath single family property using an FHA loan which required a 5% down payment. The purchase price was $73K so this equated to approximately $3,700 out of pocket. Dur...
Hey BP community! Cant express how impressed I am by the BP community! So I posted before about being a newbie real estate investor, Im very excited and cant stop thinking about my options. As of now, I am renting wit...
Hi everyone! This is officially my first post to Bigger Pockets, but hoping to become a more regular participant. I've been listening to the Podcasts and reading blogs for several months now, and am hooked. Wanting to...
I’m currently in the Army and looking to start out real estate investing near Fort Lewis-McChord in Washington. I’ve focused in on the Tacoma market and plan on using my VA loan to purchase a home for house-hacking wh...
Hi all,
Have my property up for rent (I live in this one still, moving out next week), and have had a rough time with applicants, looking for any feedback. We have had 37 inquiries, at least 15 tours, and 5 applicati...
Dominic Pollock,
still in his work boots, stood on the lawn of a 1960s-era
three-bedroom house for sale in the former steel town of Bethlehem, Pa.,
60 miles north of...
Hello all:I've been sinking my head into this REI world for the past 3 months trying to find ways to earn more money on the side. Not sure if this happens to all newbies and/or of this is just a typical reaction to s...
I'm currently working on a project where one of the investors is looking for a 9% cap rate on a few multi-family properties (b and c class). To me that seems a little high considering the cap rate isn't normally that...
Hey all,I'm trying to work out a good Cap Ex amount for my rental properties. I was previously using percentages of monthly income i.e. 10% Cap Ex, 5% repairs and 5% vacancy. However, after calculating the cost to rep...