Lesley Riddick
New Member Alert from DC
Hello Everyone, I’m new to BP and to real estate! I’m currently a 2nd grade teacher and I’m looking to make more through real estate. I purchased a house 2 years ago in DC. Now I’m looking into buying a second propert...
Bob Jones
Home Equity Loan vs Home Equity Line of Credit
I want to get cash out for two small rentals for about 100K. One option is to get two home equity loan for $50K each and another option is to get one home equity line of credit for $100 K. Which one should I choose...
Chris Jones
Investing Birmingham vs. Huntsville
I am looking to purchase a few single-family homes in Alabama, and I am interested in learning more about the difference between Huntsville and Birmingham. Huntsville definitely seems to have a dynamic, knowledge-bas...
Jade Jamison
Townhouse as first rental property??
Hi Bigger Pockets Family,I am interested in purchasing my first rental property and am stuck between choosing a SFH or townhome. I was pre-approved for 200,000, which is not a significant amount ESPECIALLY in my area ...
Thomas Johnson
Can my parents loan me down payment from their Heloc?
Hi guys,
My folks have substantial equity in their portfolio and want to loan me enough money so that I can avoid PMI. Is this legal? Can they give me a second mortgage? What are the tax implications?
Thanks!
RANJAY SINGH
Rental Applications -- is it OK to have many for one home?
How many rental applications I can take in one time say while the property is vacant? Can I have new people submit new applications while the old one is still being processed? Is there a law that prohibits I cannot ha...
Asher Knudson
Financing The First Deal
Hi Bigger Pockets Community,I'm just starting out and I think I may have found my first deal that I'm planning on buying and holding. It is sort of a fixer upper though. It's a home built in 1945 in Minnesota. I'm loo...
Dilman R.
House Hack or Help With My Parents Mortgage?
I want to start my real estate investing career by house hacking. However, I have to choose between that or helping my parents refinance their home (which I live in). Depending on only one source of income from my par...
Candice Menard
Loan option question
Situation-I am using a non-recourse loan along with my solo 401(k) funds to purchase a rental home.
Borrowing-130,000.00
Loan term options
Fixed rate20 year loan 6.5%
Variable rate 25 year loan
10/1...
Joe SMith
Does anyone still do closing gifts?
Hey All,Im doing some market research to figure out information for a business idea I have. I'd like to start selling closing gifts for realtors, and wanted to see if that was still a thing.If it is:* What type of clo...