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Hey there. A friend is buying a home to rehab and flip and he is looking for financing. He is offering 10% annual return and expects to flip the house in 9 months. His brother is a contractor and they have flipped ...
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Hi everyone,I am a new investor from the NYC area and I'm focusing on flipping in Long Island for now with plans on branching out into Westchester, Brooklyn, Queens and eventually buy & holds out of state. I've be...
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Hello,So, my friend and I are both buying houses at the same time. Both putting 5% down on conventional loans. His place is 175k and mine is 185k. My credit score is higher. All that said, we noticed that he was bein...
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Hello Bigger Pockets members!I have a question regarding refinancing my rental property mortgage to free up my VA loan. I rented this SFH out in 2012, though I'm still a newbie real estate investor. I'm looking to pur...
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Hi guys,
We often hear in the podcasts folks with large portfolios using property management software to offload on bookkeeping and admin tasks. How about packages for 1-5 units? Is there anything out there afforda...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $380,000
Cash invested: $10,000
Sale price: $480,000
Built a primary residence, had roomates for nearly 3 years...
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Hello fellow investors,
I have >500k commercial loans with a local commercial bank, on 7 different properties (single family houses) upstate NY, from 7.25% to 8.75% on 10 years fixed rates. I feel the rates are ve...
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I have a six unit rental property which I own outright. I'd estimate the value of the property at around $250k. I'd like to open a HELOC for future investments, but my main bank doesn't allow you to use rental propert...
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Question for the smart masses. I am catching up on podcast and I listened to episode 55 featuring @Jimmy Moncrief. He stated you could use a retirement account as collateral for an unsecured loan. Does anyone know an...
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My tax preparer recently mentioned the possibility of taking out a loan from my 403(b). He mentioned that a good thing about this is that I would pay back the money to myself, with interest, as opposed to the governme...