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We have finished our second BRRR and can't find a lender to do a cash out refinance for us. It is actually our first rental property and has been rented for 1.5 years. Lenders are saying our income is too low. Our per...
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So i've heard many people talk about the 1% rule. The rule states that the monthly rent should be around 1% of the purchase price. Now I want to say I do understand this is a rule of thumb and I do understand it's no...
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Apparently, enough people are concerned about the price of oil that it has affected Houston’s ranking according to the Urban Land Institute. Realistically, as an investor, you always have to be cautious about what pr...
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March 11, 2020
The situation with COVID-19 (“Coronavirus”) continues to evolve and markets are down sharply for a second straight week. The California Association of REALTORS® has processed all of the recent data a...
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Hello BiggerPockets Community!We are two business women single moms, Denise and Joanna. We are so happy to have found this community ! We're keen to get into the real estate investment realm with a shared goal: to p...
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I'm still waiting for banks/lenders to acknowledge revenue from VRBOs as real.........it's my understanding from countless interactions with the above that this industry isn't sure how to deal with this, in relationsh...
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Hi there - posting this up real quick as I have a duplex with one unit vacant real close to the Air base here in town - LOTS of construction going on there and I was put in touch with a contractor who has a 3 year co...
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Hi everyone,My name is Robert Clark, I'm 22 years old, from Chicago, finance major attending SIUE in Edwardsville, IL (STL area) and I'm ready to jump in the real estate game head first! I have many goals and this is ...
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Hi all,I just joined BP and am pouring through the beginner's guides, but wanted to introduce myself and ask some questions. I'd appreciate any help you all could offer.First, a little background. I'm a Naval Officer ...
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My husband and I currently own a STR property at a ski resort in New Hampshire. Last year was our first full year of owning the property and renting it out, and we think we did fairly well. We calculated our total yea...