Margie Pierce
Quotes from the Great Recession
I unfortunately didn’t have any money to invest with during and immediately after the great recession. Therefore I don’t really have any first-hand experience. However I hear people saying things like “ the banks did...
Account Closed
being charged 5.125% mortgage rate for credit score of 845.
Hello,I am buying my first out of state investment property in PA. 3/1.5 SFH.Purchase Price is 110k , needs a new roof, some TLC. Planning for 20 % down.Similar fixed up properties there are going for 150-155k in tha...
Anthony Surach
Flipping or renting?
So I’m trying to get into real estate I’m going to be using a hard money lender to buy my first property. Now starting out what should I do buy fix and rent or just fix and flip I eventually want to do both, but wonde...
Andres Martin
Financing my first Investment property
My wife and I are getting ready to take the next step and buy our first rental in Indiana. Her credit score is really good, but mine is just decent since I have been trying to build it up for just over 4 years when I ...
Mark Ross
How To obtain a mortgage on paid off rental property (condo)
During covid, the only option to win a bid was a cash offer. I bought a condo for $136k and rehabbed it, the last property that sold in my building sold for $190k. I have been trying to cash out so I can get another p...
Juan Ayala
Refinancing Parents Property
Hi Team BiggerPockets,Need some advice from the team... So my parents own a property in Florida where they have a lot of equity in this home and a very low amount owed on their mortgage. The issue that they have is th...
Chauncey Ponting
Mortgage insurance increased! Can they do that?
I have a mortgage on my home through rocket mortgage. I received a letter say my payment is increasing do to the mortgage insurance increasing. Is this legal? I’m assuming it’s because I have a 2.75% interest rate and...
Disia Page
FHA loan for 2-4 unit property
I was told by a lender that I need to put 25% down for a 3-unit property in California because in this sector I'll be competing with investors who would be paying cash and flipping for a profit. Basically, he was disc...
Herschel Kessler
Getting Creative with SFH Rentals in $30-50k Range
Currently own two SFH that we purchase with cash (and some zero APR credit cards).In the process of getting them both mortgaged (conventional route). I'd like to hear different methods of financing. I want to have a b...
Jennifer Smith
Financing for new home owners inland empire ca
Good eveningMy boyfriend is a first time home buyer and is looking to secure financing. He has the 20% down payment and a credit score over 800. Currently he is looking for a first time buyer program but can’t find o...