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Let's say someone has an interest only line of credit secured by investment property, and that line has a $100k limit at 5% (using round numbers for easy math). Bank pays closing costs for the LoC, but borrower is re...
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I am super into real estate and continue to fall more in love as I am learning all about it. I want to get into it and Bigger Pockets is giving me that opportunity. It's amazing.
One thing I constantly think about a...
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How can an offer be done respectfully: Background: The owner of the home has no children and it is her childhood home. She is strong-headed but also not in a great financial position. She is relatively healthy and ...
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1. It’s WHOLESALING, not WHOLE SELLING2. It’s a job/business, not investing 3. You CAN’T be successful doing it without capital4. “Driving for dollars” is not a viable strategy; the people successful at wholesaling sp...
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I often get asked this question and I’d like to start off my answer by saying that my road to real estate isn’t easy to replicate. This is because each person has different resources and relationships that can help th...
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Hello BP Community, I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest). So I was hoping people here could educate me.I'm tr...
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I've been tracking every dollar in and out of my REI activities for the past few years and decided to back-test the numbers to answer the question: What if I would have put all those investment dollars into a super pa...
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Hi all,I had a bookkeeping question for you buy-and-hold folks out there. This is probably a very basic question for the pros, but I'm am just about to wrap up my first official year as a formal landlord, and wanted ...
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Hello Bigger Pockets community, I am at a crossroads. I have almost completed my real estate license course and I'm wondering if having my license will delay my investing. In Oregon, for the first three years ...
Note: Numbers are just for example purposes:
We bought our first investment property, a conservative condo, in 2018 with following numbers:
Total Monthly Expense: $1650
Total Monthly Rent: $1700
Monthly Cash flow:...