Hello everyone, so my business partner and I are moving into real estate. Mainly buy and hold with some flips mixed in for extra operating revenue. My question is how should we set up our bank/credit accounts to be th...
Hi Everyone,I need a little advice. I am selling a single family rental property for $189900. I have an offer on the property for 185000 but it will be broken down to $165000 cash with me holding paper for the $20000...
Hi everyone,So here is the deal. I have a property under contract for $77,000.00. Its not a terrible unit in a C+ to B- area. I'm using a Hard money loan to purchase at 10.5% interest only , with some fees, then pl...
My wifes sister currently owns a home but is struggling with the payments and will go into foreclosure at some point. She owes 89K and the house is work around 110K. Her credit is not good. If I do a sub to deal, I ca...
Awesome! You found biggerpockets and an encouraging community of people. Ready to start investing financially in real estate? Young and enthusiastic? Here are two secrets:
*** People who control their fi...
Hi,I am 24, currently live in the Dallas / Ft. Worth area, just recently graduated college about a year and a half ago and have been fortunate enough to land a job in my career field (accounting). Now that I have pret...
I have a 4 plex in Austin, TX under contract that is fully rented. I have a term sheet from Guaranteed Rate for a 30 year fixed conventional mortgage at 4.875% with no points. Is this a fair rate and pricing right now...
I've done a ton of research and my plan was to BRRRR small multifamily properties to get started. I went to a local REI meeting and met some investor friendly lenders and was recommended that I get my credit up to 680...
Hi! What do you guys do if a couple apply for your rental unit, one of them has a great credit score, and the other one doesn't?
Strange report, the person makes over 3.5X rent and has only one account with 6 late payments and a terrible score?