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I purchased my 1st home at 22 years old straight out of college. PP: Aug. 2019 - $356,900 w/ 20% down (borrowed a large chunk of the down payment). Refinance: Nov. 2021 - Property appraised for 480K, I completely paid...
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I'm a newbie, and recently attended my local DFW Real Estate Investment club this Saturday. I heard this interesting idea about a buy and hold philosophy in relation to vacancy:
Most investors don't own enoug...
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I've been asked to pay $1,365.00 for Appraisal fee, loan origination and processing fees before loan can be sent to underwriting. It's a 6 month fix and flip loan at 8.65% plus 3 points in and 2 out. It's my first dea...
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Hello. I have been a long-time lurker here on BiggerPockets, and have learned quite a bit by reading forum posts and blog articles. A bit about my background: I am in my late thirties, work as a software engineer for ...
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I've always heard that you can expect to be anywhere from 8%-12% of rent for professional property management. I'm finding PMs who charge that as the base fee... but what I didn't expect is to see a high cost for find...
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I made an offer of 130k on a duplex that was listed for 200k, it was approved by the seller and we began escrow. However, the appraisal came back at 136k, I'm wondering what I'm missing here? My intension is to use t...
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Hi Everyone,Investor here looking to divest out of one (in-state) market and into another (out-of-state) market. I'm looking to place about $5MM into a market with 50% LTV (~$10MM purchase). I'll be in a 1031x and w...
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I have 3 units under my belt as of now and all are cash-flowing pretty well, but I am still stuck in my dead end 8-4 job and I need out! I have put up with it long enough to get me where I am now but it's mentally dra...
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I need help deciding how to spend my marketing dollars. I've been sending letters to out of state owners. I'm going to begin marketing to absentee owners (that live in state) and already have half the work done for t...
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So I've got a problem and thought the great minds on this site could help me out with my bookkeeping issue.
Our business is starting to grow to the point that keeping the books is taking more time than I want to spen...