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Hello BP,
I need some advice on what is the worst investment I've ever made.
Overview:
- Purchased a condo in 2022 for $270k, with a 3% down payment. Currently owe $255k.- Mortgage rate is 6.125%.- Lived in it for ...
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Curious to hear people's thoughts on recourse versus non recourse loans on apartment buildings. Pros/cons, etc. I have a great quote from First Republic but it is recourse. I can't decide if I really care. Only doing ...
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I'm encountering a situation right now, which I will attempt to generalize in this post. Looking to discuss the pros and cons, to ensure I am not overlooking anything on the financing side and understand the risks/be...
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Hello,Thanks in advance for reading this and any help you may provide.I am a note investor. We have one note in Ohio. We initiated FC. However, the borrower, just Friday, wired $5K and begins making $913 payments m...
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Hi BP family. I've been calling lenders for the last 2 months trying to see who is still offering lines of credit on investment properties I hold in my name. with the increase in home values here n Charlotte, NC I h...
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I'm sure there are many threads about this so if someone could point me to one of them that would be great.
If i have property i can't avoid paying capital gains tax on, is it a loophole to just do a cash out refi an...
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Good morning, day or evening to you! My name is Jared Kampschroeder. I'm 28 years old and I live with my wife in the Hampton Roads area of VA. I recently joined the Bigger Pockets family thanks to a coworker of mine. ...
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1. Not getting a big enough down payment
When structuring a deal, you need to be thinking of not only what will go right, but what might go wrong. You may think you are helping out the buyer when you finance 100% of ...
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On a home loan where can I go to learn about the underwriting requirements for the homes condition. So when I look at a house that needs rehabbing I know which loan companies will loan against it and which ones wil...
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I am in contact with someone I met through Facebook. He says he has Cash buyers in (State), and is will to work under JV. Would it be possible to share my properties that I have under contract to him without him swoop...