Will Coleman
Applying for a RLOC to flip houses
Howdy all, I am looking into applying for an RLOC (revolving line of credit) in order to flip houses in the DFW area. I am looking for some advice. I currently have two houses with some equity that I could use as coll...
Leigh Ann Smith
Does the 50% rule apply in Texas?
Property taxes run about 2.8% in the Houston TX area. So, for a $100,000 house, that's $2800/year or $233/month. Do you just throw out the 50% rule in areas like this?And don't get me started on flood insurance....
Joshua Durrin
Applying Rules of Thumb to Inflated Markets
Hi there, I'm looking to do some wholesaling in the east bay. However, when one considers the discount on the property after applying the 70% ARV rule of thumb, that's a pretty sizable chunk of money in this inflated...
Julie Tran
HELOC before applying for investment property loan?
Hello! My husband and I are planning to buy our first investment property. We are currently refinancing to bring down our DTI. We did a pre-qual with a lender to get a rough idea. The amount is what we need for th...
Alicia Simon
Can I apply for NACA if I
I’m interested in applying for NACA. I read you have to live in the home, but was unsure if we would qualify. We travel for work and though it would be our “true” home, we wouldn’t be there often. At least for now. Is...
Ken Nyczaj
Should I apply to be HOA President?
Hello all,Fairly new to investing and bigger pockets, so right away maybe the answer is no.... you're not ready to be the president of an HOA. But, I figured it can't hurt to ask...Here's the scenario, I'm an investor...
Kiran Kumar
German Schmear applied without mention in contract
My builder (in Texas) applied german schmear on the front elevation (brick) of our new house under contract without our knowledge. The elevation looks rustic and we don't like it at all. When asked the sales agent sai...
Hadar Orkibi
Applying For Credit Card?? Read This First
Hi BP friends,
On Friday I had a good lesson I want to share with you when it comes to FICO score.
I’m about to close on a deal in the next 30-60 days and lock rates on Monday prior to the Fed increase on Tuesday.
...
Ellis Hammond
Ask these questions before applying for Heloc
First off, what's a Heloc? A Home Equity Line of Credit (HELOC) is a loan on your home and the amount of the loan is determined by the equity available. Its essentially like a credit card using the equity you have in ...
Account Closed
Do the basic rules of flipping apply?
Hey Bp, I've spend most my time on here learning up on multi family/buy and hold investing but I have a strong interest in flipping and developing (I on my way to being a contractor/builder) so naturally I'm always on...