Question: Say there's a house that has 2 units in it. They rent for $700 each. On the market for 90k. I think it needs approx. 15k in repairs. 90-15=75k. I offer 65k and they take it. So 65k+15k(repairs)+3k(closing)= ...

So I have been living in my primary residence for about 6 months now and have been trying to find creative ways to increase my cash for more investments without having much of a track record in the investing world. I ...

Hi. I'm contemplating doing a 1031 exchange on an SFR and using the proceeds to buy a vacation condo that I will do STR's on for at least 3/4 of the year. I do intend to use the property for a few weeks of the year my...

Hey BP, I was interested in getting my foot in the door with a small SFH in the Fayetteville area (NC). The property is about 25k and I have very little money down, about 3% saved up so far. Is it possible to finance ...

Hello BiggerPockets,I am looking for financing a rental property in the Chicago area. Having trouble finding lenders who do deals for large multi-units. I have excellent credit and 25% down is not an issue. Anyone hav...

Hello, I have an opportunity to purchase a nice single family home in a desirable area in the Chicago suburbs off market. The person wants to retire in North Carolina and is willing to sell her house to me by owner. A...

Hi all,Curious as to your advice on my situation.  I recently bought a sfh with a partner, rehabbed it, and am just about to close on the refinance to pay my partner back. When I refinance I can either borrow just eno...

Hello,I'm trying to do a cash out loan on my rental property.  I met this loan rep and he told me he has a stated income loan program available to investors.  In didn't believe him but he assured me that these type of...

TSP is the Feds 401K. I have been considering taking a loan out to purchase a rental property free and clear. The problem is loan repayment term is 5 years, which pretty much kills any cash flow. The interest rate is ...

A theme I heard several times at the conference was the notion that some very successful landlords did not ever wish to pay off their mortgages on their rental properties.
Rich Weese also touched on his strategy of b...