I am in the process of cash out refinancing one of my rental properties to complete the BRRRR method. The person doing my loan has offered me two choices:- 4.5% with 2 points or 4.875% with 1.375 pointsI have calculat...
Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...
Hello everyone! I am new here to bigger pockets and just getting started in the real estate business. This has been a passion of mine for a while now and after leaving a not-so-great job, I decided this was the best t...
Hi, Im a realtor in Las Vegas, NV representing a buyer and we got an accepted offer and opened escrow, ordered home inspection thus far. Everything is running along smoothly until I get a call from the listing agent s...
Turnkey investing. Has anyone purchased properties from Memphis Investment Properties/Reedy & Company Realtors? can you share pros/cons. Thank you, Sam
BP Community,First time posting to the community. I am a new investor and I am in the process of purchasing a property with my Heloc (7.75% fixed for 60 mo). The property is $105,000. With expenses and minor rehab I l...
Hello! I'm wondering what to do in regards to a situation i've encountered and how to handle it. I am currently in escrow on a 4-unit property and am in the middle of the inspection contingency period. Following t...
Hi -Has anyone ever put language to the effect of "if tenant threatens legal action against landlord or causes landlord to have to seek an attorney's advice, this agreement can be terminated as LL's discretion." My c...
As a generally novice MF real estate investor, I was wondering if folks typically used a single source for finding historical and projected rent trends, demographic info, etc. From using Google I can typically piece ...
I'm looking at a 4 unit deal, non owner occupied and while it's a solid deal I'd need to use basically all of my investable funds to close it. The owner would consider a 10-15% carryback (likely 3-5y IO) for a few ye...