Bigger Pockets family,I recently spoke with my mortgage broker to get approved for a loan on a new primary residence. I have an FHA with 30% paid down on my current primary under 3%, 15 year terms but plan to refi to...
We own a 2/1 recently renovated single family home in Red Bluff CA. It is in a 100 yr flood plain. We need to get a flood insurance quote. Our current company, State Farm will not offer flood insurance. Can someone re...
Hello,I have heard from many investors to create an LLC for each property. If my investing technique is house flipping and plan on selling the property before buying the next, should I still create a second LLC for th...
Hey guys Vann here from Kansas City, Mo. just found this site/forum a few days ago. Looking to get into the real estate game. Just reading a few of the posts I’ve learned so much and realized there is so much wisdom a...
Hello, fellow investor!Quick question. How accurate is the 2% rule? I'm analyzing properties and they're no where near 2% but it seems to cash flow well when I analyze it. I'm worried I'm doing it wrong.
Hello BP! So I've been using the rental property calculator on the site to double check potential deals but I found that on the go without internet access it has been much easier to develop a spreadsheet to quickly cr...
I just created my LLC and am wondering what the process is to write off business expenses? Looking to write off the BP Pro, travel cost to look at properties, and a new laptop. Curious if I should keep receipts, and w...
Very few investors succeed by cold calling, sending direct mailers, doing PPC, and other outbound strategies. And the ones that succeed, when I talk to them they are unhappy with how much time/money it takes even tho,...
Hello BP!
My name is Jasen and I reside in Toledo,Ohio. I'm new to all of this but I'm ready to learn all I can. I'm hoping to become a familiar name with everybody and build some productive relationships. Any tips o...
If you are waiting for a market correction, it will definitely cost you in the long run.
An example:
Buy a house now with 10% down at a $525,000 purchase price with an interest rate of 4.5%.
Payment: $3,162
Buy a ...