Hi Everyone, So I am trying to get a HELOC to use for my first property investment. I have called some banks and the fees are never-ending; Interest rates are high but from what I understand it is like a credit card a...
What is considered to be a good interest rate for a traditional 30 year mortgage?
Hey, if I trade in my (paid off) car and get a new one. Will that affect my chances of qualifying for a mortgage to purchase a rental property because I'm taking on new debt on my credit report?
Hey BiggerPockets community!
I'm embarking on my first multi-family construction project in Washington County, Utah, and would greatly appreciate your expertise and insights. Here's a summary of key aspects:
1. Proj...
How can one get started on there first deal? I have a set criteria of a multifamily 2-6 units. Good neighborhood. Near my hometown. But I don't know what else to look for and using the 50% rule, it seems like all ...
I have multi unit properties and have recently aquired a single family for the first time. It is now ready for rent. My question is how different is the lease for a single family home compared to a multi unit apartmen...
This sounds like a dumb question but in private lending, generally, is the % rate annual or for the length of the short term loan? I'm pretty sure it's annual unless otherwise discussed and I know that private lending...
Hi everyone! I am new to the bigger pockets family and first time investor! I'm curious about the bigger pockets families opinions on if I'm going about this goal correctly, or if anyone has any other suggestions. The...
Hi, BP
I am interested in a newly built 4-plex (2013) in Texas. Here are the numbers:
Purchase price: $447K
Downpayment: 25% (111.25K)
Monthly mortgage payments (4.75% mortgage): $1749/month
Tax...
Hello Team,Newbie here! Asking a basic question and need advice if I should keep the townhome or sell it( If anyone can give any formulas that I should consider please let me know)The current value of the townhome as ...