Ian Cameron
Neighborhood and Property Classification
How exactly is a neighborhood classified as an A/B/C/D-class neighborhood? What are the criteria? Who decides?Same question for residential properties. What criteria determine if the property is an A/B/C/D class pr...
Isaac Kimsey
I need insurance on a 48 unit building!!
I purchased an apartment complex near Shreveport last year. The insurance company that I used quoted my about 40% higher for the property than they had the previous year. the quote was for $11,345. We purchase the pro...
AJ Satcher
Single HVAC System In a home with 2 units. Smells go right through duct-work!
I am currently house hacking with an upper/lower setup - I occupy the upper. The lower unit is a basement/guest suite. As I approach my move out strategy where I will be converting my upper unit into a STR, I often th...
Peyton LaBarbera
How can the location of a property affect cap rate?
I was hoping someone could help me understand first... What types of locations are lower cap rate properties generally found and why?And... What vice versa for higher cap rate properties?Thank you,Peyton LaBarbera
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of Arizona
My middle FICO credit score is 759
My cur...
Account Closed
I don't understand Refinancing
Hi Guys, Sometimes its the simplest concepts that I overthink, but I am having a bit of trouble comprehending a refinance. Lets assume I take out a mortgage for X amount amortized over 30 years at 6%. When I refinance...
Cindy Marlin
BEST AREA FOR SUCCESS
I'm considering buying a fixer SFR with the intent to fix it, live in it and then sell in about two years. My impression is the best city to consider is Newport Beach, as it seems to be a highly desirable city, givin...
Bryce Betley
Flip Not Selling - Advice?
I listed my flip Jul 1st. Lowered the price twice now. We have had around 5 showings and two open houses with 10 'groups' coming through. Zillow shows 30+ saves, 1000 views the past 30 days.
I got a few feedback from...
Sam Albury
Can anyone recommend their top ranked refinance solution ?
I am looking to refinance a tenant occupied home in California. Would you be able to refer an entity with the best deal and without ridiculous fees?
Brianna M.
Debt to income ratio
Curious to know if taking on a conventional loan with a partner will help my DTI for the next property I want to purchase. Is partnering with someone a good way to lower your debt to income ratio? Or will the lender a...