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Rental property investment advice!
Hello Bigger Pockets family! We found a turnkey SFH walking distance from historic St. Augustine Florida. The seller was asking 185k and we asked for 155k with owner finance for 5 years with 5% interest and 65k down p...
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Real Estate Agent Car Insurance Requirement
Hi BP!I have recently gotten my real estate license in DC and I am about to sign an independent contractor agreement with a commercial broker. One of the covenants on the agreement states that, for car insurance, I mu...
Brendon George
Quadplex on FHA 3.5 down with bad roof. Help!
As mentioned prior I have recently purchased a Quad with a FHA loan, I currently have equity in the house from the appraisal vs sale price. Is taking out a HOME OWNERS EQUITY LOAN a smart way to take care of the roof ...
Alex Brown
Deal Analysis: Northern NJ Multi
Hi everyone! First time investor here. Looking for some advice in regards to deal analysis on a house hack.A + neighborhood. Purchase Price: $885,000 Taxes: $23,000 per year (yeah I know, welcome to NJ)Rents: $2,925 (...
Jazmine S.
Are the closing costs on the re-sale end always out-of-pocket?
Specifically for the agent's commission. Is cash the only way these are paid for? Is there a way to pay out of the capitlal you receive from the sale of the house etc.?
George Cairncross
What strategy would you use on this property?
I have a motivated seller who cannot afford to pay her mortgage anymore and will let it go into foreclosure if nothing is done.The property has $730,000 in loans They Owe $440k / 39% equity The average sold in the nei...
Shequann Burrwell
unexpected dilemma with awesome deal
Im ready to contract this great deal i found. I have a buyer lined up ready to finish the deal. I told them i had it under contract because i knew i could get the deal. Ended up negotiated for a lesser price than i...
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New to the "fantatic" world of real estate
Good Evening,As "newbie" I am am really nervous about getting into real estate, but that will not stop me from taking some type of tentative steps in that direction. Currently, I am focusing on trying to complete my ...
Chas Lumley
Umbrella Insurance policy.
Hey all,I'm looking to make an offer on my first rental this week and was wanting to get different inputs on LLC vs Umbrella policies.I will be using a conventional loan and I was told by my loan officer that I can no...
Maimouna Sow
Background Check in NYC
I’m house hacking in Newark, NJ. It’s fairly easy to see public records of potential tenants in NJ. But I haven’t found a tool for NY yet, specifically NYC, any tips? Preferably something free like in NJ, or under 25$