Eric Braxton
Strategy on buying points
Hi, I would like to see what others strategies are when buying points to lower a mortgage rate. I know that buying points will lower the mortgage and create or provide a bigger cushion to cash flow. But how does every...
Kathy C.
How to keep Credit score high while still buying homes
Each time I buy a home my credit score takes a hit. I'm trying to brainstorm ways to do minimal damage to my credit while still borrowing for more homes and increasing my debt load. What do you do ? Or do you just hav...
Michael Gallagher
Applicant requesting to pay year in advance, from out of country
Hi, I have a request from an applicant who is new to the US to pay 1 year in advance (plus security deposit) due to no credit/pay history since moving here. The applicants cousin (lives local and is local realtor) ha...
Kenya Destin
Refinancing Cash Out
Initially, the property was my initial residence. I moved out, work purposes, and turned the property to a vacation rental. I am currently in the process of refinancing the property. How would classify the property as...
Lee Price
OWNER FINANCING
I have a 250 unit multi family i am looking to buy the owner has a mortgage balance of 5,558,615 amortization 360 months interest rate 6.16% and gsi is 1,274,602 exp are 752,802 and noi is 521,800 100% occupied. The S...
Abigail J Steinert
How do you decide what's best to get started?
My husband and I are excited about investing in real estate. We have been talking about it but don't know what the best plan of action is. We are in our early 20's and have a friend as a partner. We each have an initi...
Charles Kim
San Jose Rent Control & Utility bill
Hey Guys, I am looking at buying a 4 plex multi-family house in SJ and wanted to get some clarity on the Utility bill in rent control units.
Land load is currently responsible for the following costs:- Common area PG...
Keith Behney
BEST WAY TO HANDLE LAUNDRY IN FOURPLEX
Good day, I'm in the process of buying my first fourplex (have one other property SFH) and I have a few questions on the best way to handle a couple things, any help/opinion is much appreciated:Laundry: current landlo...
Stephen G.
Online Rent Payment: Need Recommendations!
Hello BiggerPockets Community!I wanted to both share a recent experience as well as ask for recommendations for electronic payment services for property managers and landlords.For the longest time, I was using Venmo a...
Jon Klaus
Buying new mobile homes
I’ve got some land parcels that I am considering putting new mobile homes on and selling them. Any good sources to purchase new homes at wholesale? What should I expect to pay for new Doublewide’s in the 2000 squar...