Hello all-I'm in the process of getting a mortgage into underwriting as I'm negotiating the final details of a property I have under contract (closing on 2/15). The lender is requesting "letter stating the amount of r...
Hello! My name is Justin Carpenter and I'm a new investor living near Des Moines, Iowa. I started studying real estate investing about a year and a half ago and after a little while of studying I found biggerpockets. ...
Hey guys I have been a lurker for a very long time, but never really posted until now. I am currently rehabbing a house with a loan from a hard money lender. I have about 100k in rehab budget and it’s going well so fa...
Is it poor form to share LEs with other lenders when shopping for best rates?
I've been under contract for 3 months. After months of waiting, the seller finally was able to finish taking out an oil tank and get state regulatory approval. Since then my rates have gone up and the deal isn't as at...
I've been a long-time lurker on BiggerPockets but now I finally have a question worth posting. As a 22 year old I'm tired of having manual labor jobs and am looking for something that I can call a career. It's frustra...
I'm trying to figure out how to interpret the 1031 exchange rule that the new property being purchase has to have at least the same value as the property being sold. Is this based off of the price you paid for the ori...
Hi - I'm curious the best way to approach that initial investment purchase. Should I buy it and move it under an LLC? Buy it as an LLC? Any suggestions? Thanks.
alright it appears as if i am heading down the divorce path again :cry: and in the agreement i will get the rental property we just bought 1 year ago. Now i have been rehabbing the property for about 1 year, i had...
Hi there. I am working with a bank to pull equity from my primary residence to finance my first investment property.
We’ve had a rate hold for some time, and now the final papers are showing a higher rate and I’m be...