Michael Hoover
My first 18 loans on 5-year balloon. Is this bad and how should I pivot?
I have been working full-time RE, BRRRR method on single-family homes in my local area for the past 4 years. 22 homes completed- (2 sold) 20 long term rented. My interest for this Post is my lending method thus fa...
Amy Hatcher
Is the hot air finally leaking out of the balloon?
As the saying goes, what goes up, must come down. I’ve noticed houses are staying on the market longer and longer, and prices are being reduced in response. Does this mean the boom is over and we should be preparing f...
Louis Fernandes
Seeking Advice from BiggerPockets Community: Loan Direct LTD Legitimacy?
Hello BiggerPockets Community,
I hope this post finds you all well. I am reaching out for some valuable insights and advice regarding an opportunity that has come my way, and your collective wisdom could make a signi...
Stuart Udis
What is an “investor friendly” lender?
I observe the term “investor friendly” lender used regularly in these forums either by posters seeking financing or in the manner in which lenders market themselves. In many cases the forum inquiries or forum promotio...
Amy A.
Is my pre-screening scaring away potential good renters?
Over the years I've found that people do not read my advertisements completely and waste a tremendous amount of time showing property to people who do not qualify. I've recently been sending an email to every inquiry...
Account Closed
Can you do a 1031 exchange of a personal residence (trick question)?
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 10...
Tom Goans
Tenant and Borrower Screening
Everyone is going to find this crazy, but my experience has been excellent using this screening method.
I never have a potential tenant or borrower fill out an application. I never obtain a credit report. I never do ...
Jim Dahle
Evaluating Syndicated Deals as the Investor (not syndicator)
I've invested in real estate for years, including REITs via index funds, directly in a rental property, and in a syndicated deal connected to my employment. I've got a regular job I enjoy, and at which I am paid very ...
Lesley M.
PM said they can’t adjust credit score criteria per property
Hi there. I own a rental property in St Louis. We recently had turnover and listed the property on the market again. I asked my property manager to increase the minimum credit score for applicants. They said they coul...
Blake Cormier
Self-Employed and Low Prices: Am I going to have to get creative?
Hi all! I'm just getting into REI and I'm looking to get my ducks in a row before just diving in. In doing my research, I've come across some potential snags that I wanted to get your advice on.MY GOALS: Within the ne...