Edit B.
Property Value / Delayed Financing Exemption / Cash Out Refi
I've read Fannie Mae guideline on this, but am recently confused after speaking with a few lenders. According to the DFE on Cash Out Refi, if a property is purchased in cash;1.) 6 month seasoning period is not require...
Christopher Erwin
How My Burst Pipes May Turn Into a 40+% CoC Return!
Re-Post from my BP Blog --> My recent tenant mishap led to burst pipes and thousands of $$ in plumbing, carpet, paint & cleaning. Worth it? 100% IMO...read on for why! All feedback is welcomed and encouraged.--...
Eric Struben
Should I Start and LLC Before Buying and Investment Property
I am new to real estate investing and would like to buy and hold rentals. I am wondering if it is best to set up and LLC, get a business accounts and business credit cards before actually buying a property? I want to ...
John Hodson
Using Proforma Calculators
Hi All!I'm new to buy and hold investing. I'm using a excel spreadsheet that has a conservative 10% vacancy reserve and 10% maintenance reserve every month. I've spoken with turnkey companies that say they use a much ...
Yannes Chiang
Ways to increase rent (multifamily, rent control)
Hi everyone. We just purchased a value add 6-unit in North Hollywood (CA). It is a rent control property. Currently the rents are way below the market rent and the existing tenants don't want to leave at all. We have ...
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No Money Down
If your getting started without cash this is really the only way to invest in real estate. The main way these deals are put together is by owner financing. It's simply this " they carry the mortgage with no down payme...
Nate Hall
Changing Property Management Software
Hey folks,I have an issue that I'm trying to solve and I'm hoping someone can give me some advice. I work for a property management company and we currently use the older version of Yardi (Enterprise) as our managemen...
Bryan Templin
Property Management, any Suggestions?
Hi guys I'm Bryan I joined Bigger Pockets a few months back and already I own 2 properties
The question comes to mind should I go with a property manager and if so who?
I understand that I do t have many properties a...
Nicholas Weckstein
Weird heating system
So this property I’m looking at has gas heating for the apartments. There are literally gas space heaters mounted to the walls that require you to light them much like you would a stove. Gas lines run up through the c...
Allen Bannister
5% conventional house hack advice needed
I have never bought a house. I want to house hack using a 5% conventional loan. The triplex I'm looking at is listed at 130,000. Its in pretty decent shape other than some cleanup and foundation issues.
The 3 sty ho...