Chase Gray
How does one properly manage the capital of a REIG?
Roughly a month ago myself and 5 other individuals established a Real Estate Investing Group (REIG). We’ve found a property that will provide a handsome return if we properly apply the BRRR Strategy. Each of the six ...
Josh Lasserre
Looking for advice on maximizing first deal(s)
Hello,
I want to invest in rental property to develop cash flow. I'm most interested in 4 plexes.
I have $10K to invest and plan to have two separate family members who would be first time homeowners buy two se...
Al Williamson
Home Depot Military/Veteran Discounts
Hey, is anyone taking advantage of the 10% discount Home Depot offers to those who've served or are currently serving our country? Please share your story.
Joel Owens
401k question
Hey everyone I do not do residential anymore. A family member is buying a house with 10% down. Their parents are giving 5% down but because it's a conventional loan they are putting down 5%. Conventional only allow...
Cory VIgnes
What are my options when buying from family?
I am single, and do not currently own any real estate.I’m faced with the ability to purchase a home (valued at $180,000) from my parents who currently owe approximately $100,000. They’ve generously offered to sell the...
Nick Hawkins
Buying a property with a "Gift of Equity" down payment.
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me that...
Account Closed
Utilizing a HELOC for downpayment, and bypassing "gift" status
Hi Guys, I've been following along on the forum for awhile but this is my first post. So forgive me if I make any faux-pas. My question is concerning down payment cash funds. My husband and I live in a house where...
Derrick McAdam
How to credit card hack
Hey biggerpockets community. I was very interested in the concept of credit card hacks. This week on the podcast it was mentioned how an investor used his credit card rewards for flights. I would love be to hear more ...
Emily Phipps
Transferring deed AND mortgage balance?
I posted this on the RE Rookie fB page, as well as the BP FB page, but figured I might as well as here too 😬....We would be grateful for some advice on the following scenario 😊:My husband and I have lived in a house 🏡...
James Smith
How to appear 100k Gift to invest in RE
Hello Folks,
I wanted to seek advise from the savvy investors here at Biggerpockets.
My father, who lives overseas, has 100k in US dollars that he would like to give me as a gift for me to invest in Real Estate. M...