Hey Everyone!In "The House Hacking Strategy" book, there is a discussion (pg 92) on debt-to-income ratio in regards to lending, and how 75% of potential future rent may be added to your monthly income number in determ...
Someone was telling me that they do their own closing when selling their home to avoid realtor commission. He pays roughly 2200$ when selling a 200k home. This sounds appealing as i would save 18k. Has anyone heard of...
Hello BP community! I have decided to start a mortgage and lending company. I will be 50% owner with a MLO. He will handle all the lending side of things and we will hire a 3rd party processor. It looks like we will b...
Up to this point, never had any reason to Contact anyone with Bigger Pockets but, just found out there is no number to call, or do I have this wrong?Problem is; hoping this is just a mis-understanding but, $147 has be...
Hi - I've been looking around and following posts and seeing how this all works - and I'm happy to be a part of this community. I'm new to the particular area of wholesaling, facilitating for investors, and look forw...
Forgive my ignorance but what is the upside for a landlord to offer a rent to own? I recently had a tenant inquire about the option but I can't really see the advantage for me. The way I see it is, if we decide on a p...
My wife and I are considering purchasing our first 6 unit apartment building. The numbers are looking good so far but our only question is that 3 of the 6 units are rented to Section 8 recipients. We have never had ...
Fellow investors! After you acquired your first multiplex property, how and when did you acquire your second? How did you leverage your first to get your second property? What does the bank look for when lending yo...
So, I keep hearing about it being great to be classified as a "real estate Professional" for tax purposes. It seems the only benifit is to be able to deduct passive rental losses from ordinary income.. Since I have no...
I am buying my first rental properties very soon (4 rentals) and I am wondering on the communities opinions on whether or not I should form a LLC and hold the properties in that or if I should just hold them in my per...