I see a lot of discussion on utilizing FHA mortgage loans for a first "house hack" owner occupied property (1-4 units).There are certainly benefits of an FHA mortgage. They can be more relaxed on negative credit circ...
Pipes froze up and when thawed out it busted water meter and main water shut off pipe has a pin hole. We just shut the water off all together. My question is though if it is going to get down to 30 or below again sho...
Investment Info:
Single-family residence buy & hold investment in Chattanooga.
Purchase price: $250,000
Cash invested: $13,226
Great location walking distance to all the entertainment! Shops &am...
When a bank goes bankrupt, we are left relying on FDICs for our savings, but what about your loans and mortgages? Does anyone here on Biggerpockets have experience with being left out in the cold on your bank loan wit...
So I applied for a FHA 203(k) loan and was pre approved for $325K I only wanted $250k. So after giving the lender all my documents upon first visit I waited a couple days for a rejection or pre approval. Great I was p...
Hello All,
This is my very first post, so thanks in advance for your patience! I looked around on the forum but didn't quite find an answer to my question. Back in the 07/08 housing bust, I was in my early 20's and o...
Boom and busts in real estate. Some investors try to anticipate them, some ignore them. There have been numerous books written by people claiming to have the “magic” formula to sniff out future values. Uh huh. I’v...
So I'm currently living in a boom and bust town. There have been minimal sales in the past 90 days. Not enough to get any comps.
How would you all go about evaluating the value of a property, when prices 12 months a...
What are your thoughts on investing in an oil boom town?
North Dakota right now has one of the best economies in America. Solely because the oil is driving everything. Rents are through the roof! I have shied...
Hi everyone;
Is the construction industry known for being boom & bust, or was this last cycle an unusual circumstance?
Thanks