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Results (3973)
Jeremy D. Personal guarantee on existing mortgages?
1 March 2012 | 1 reply

I'm wondering if anyone has had to give a personal guarantee on their existing debt in order to obtain more financing?

I currently have (1) FHA mortgage, (3) Freddie conforming mortgages and (5) portfolio loans thr...

Rhoda Agyepong Minimum credit score/capital needed to start
2 May 2019 | 5 replies

I’ve been saving and working on my credit profile with the goal of acquiring my first cash flow property by EOY. What’s the minimum credit score/capital saved you recommend I have before starting (I’m fresh out of col...

Julie J. What can I do with $60k?
8 May 2020 | 5 replies

I have $60k.Should I use this money to pay off current mortgage that generate $1500 rental income a month or should I use 60k as down-payment on a rural home, fix and flip?Thanks

Jerome Ratliff New Investor - Chicagoland Area
27 March 2020 | 7 replies

Hi everyone,I'm new to the biggerpockets community. It's been years since I have been involved in REI but I am ready to get back in. I failed the first time around and quit because I was weak and fearful. Since then I...

Ethan Peyton What is Risk Worth to You?
15 July 2013 | 8 replies

So I have a choice to make. The two options are very different, but can both be quantified, so they may be comparable.

1. Pay off my car
I owe $7,085 on my car, and monthly payments are $236.
That would m...

Josh Walker 1031 Exchange Question
13 March 2018 | 4 replies

I am looking for advice and ideas from those with experience with 1031 exchanges. I have a family member in the process of selling their business and was recently advised to consider a 1031 exchange for the portion of...

Seth Mitchell 1031 Exchange- selling one of two properties in Exchange
8 March 2021 | 2 replies

Hi all, I have two properties that were part of a 1031 exchange I completed a few years ago (sold one property, bought two). They are now in an LLC, and I am looking to sell one of those two properties in order to pur...

Lane Mcdonald Use saved cash to pay small debt or invest more?
12 July 2024 | 4 replies

I feel like the obvious answer to this question is to get rid of the debt, right? but the $7000 to pay off the vehicle will only save me about $600 in interest whereas investing that 7k into another home or renovation...

Andrew Merritt 1031 with land owned outright
25 September 2021 | 11 replies

I'm going to be selling some land that I own w/o a mortgage and will be doing a 1031 exchange with the proceeds.  Am I allowed to finance another property with the proceeds?  For example, my proceeds will be about $20...

Brady Robertson Guidance and general questions
18 April 2023 | 11 replies

I want to purchase my first property in the next year or two but not sure on if the timing is right because of my current situation. I am 25 years old, currently have student loans to pay back, and live in the downtow...