Mark Forest
Can lender demand payment
I want to refinance my mortgage of several years, but now I have retired. Now that I am no longer earning W-2 income can my lender demand payment? I doubt it, but it's a good idea to ask since I will be contacting th...
Jared Christensen
HELP!! Wondering where to go from here.
Ok I am new to BP and am wondering on some information in how to move on from the standpoint I am at. I just recently bought a 2 bedroom house for less than 50% arv. House needed a little bit of work mostly labor not...
David T.
Is borrowing from family and/or friends really a good idea?
A lot of people seem to get into difficulty when borrowing from relatives and friends for their first property deal, so I wrote a blog about it; http://www.biggerpockets.com/blogs/4226/blog_posts...It would be interes...
Sabiha K.
Making Offer Tomorrow - Need advise urgently!
Hi there,Newbie here. I am not an investor, I am looking to buy a REO property as owner occupied. This property is listed for 300K. I showed it to a contractor, there is roughly 100K required in repairs. Once repaired...
Bill Adams
Highest Tax Bracket, Trying To Push Income To Next year - Tips?
Hi all, I have income that comes in from the highest tax bracket possible (over $1mm a year). I do have a strong CPA but was curious if anyone has any tips on things to look into that I might be able to do before the ...
Account Closed
Real Estate Agent Car Insurance Requirement
Hi BP!I have recently gotten my real estate license in DC and I am about to sign an independent contractor agreement with a commercial broker. One of the covenants on the agreement states that, for car insurance, I mu...
Jeffrey Levi
New member North of the border in Montreal Canada
Happy to join the BP family as a member finally. I have been involved and attached to real estate for the past decade purely in a spectator way for the past decade. After a few successes in business and a kind uncle's...
Derek Brickley
What Impacts My Mortgage Terms?
This article is from an interview we did to address which factors can impact a buyer’s mortgage terms.
- Can you outline what factors of a buyer’s financial profile can influence their mortgage terms?
Almost every...
Barbara Arroyo Resto
How to go from a FHA property to commercial property as a self employed investor.
Hello, everyone in BP. Im gathering some information to have a better understanding with a FHA Loan for my first house hacking multi family property, and how to convert into conventional loan or commercial loan . I ...
Jonathan Bebey
House hacking cash flow
Hello all, I am looking to house hack my 1st property in Phoenix, AZ. I am running the #s on properties and each one after I move out would have me Cash flow negative due to cost of houses right now in AZ and the curr...