Najat F Kessler
Selling&Paying off mortge within first 4y decreases credit score
My credit score dipped 40 points after the bank reported that my mortgage was paid off. I had an excellent score well over 760s and I was surprised to find out in the last day or two that it went down 40 points. It dr...
Gregg Heminger
Assuming a VA Mortgage - Have a Question!
Hi all!We have made it through the first 4 months of a nice 4-plex and are ready to make an offer on another unit in town. We have a lead on a nice property that is a VA loan - complete with assumption possibility. ...
Rob Chiang
STR vs MTR vs LTR - your favorite and why?
I am just wondering what other acronyms that I will need to learn to get views on tiktok. I thought STR's (airbnb) was the only other option. Please enlighten me on the new trend of "MTR". Are you doing them at yo...
Kevin Powell
Best Way To Invest With Least Amount of Time?
HI BP. Like many others, I work a 9-5 and commute heavily back & forth to work. By the time I'm home it's like 7pm and i have a couple kids also. I want to invest and make some money and have my money work and mov...
Halid Parladi
Custom-built houses?! Why not?
Hello Dear BiggerPockets family. I wish you have a great day.I see that everybody is onto rental properties and buy low sell high strategy. Would not constructing your own custom house benefit you more if you were to ...
John Martin
DTI on Second Multi-Family Loan
I bought my first rental property 9 months ago at age 24 after graduating from college and I am looking to buy my next one. I bought a duplex I am currently living on one side of it (House Hacking). In term of taxes w...
Barry Goldenberg
Creating Pro Forma Cap Rates on BP Rental Property Calculator
Hi. I have been using the Rental Property Calculator and creating two reports for each property i am interested in, one with current data and one with Pro Forma data. Then I saw that both a 'current' and 'pro forma'...
Mike S.
Land trust as revocable trust
In a typical land trust, a grantor transfer title of a property to a trustee, with the beneficiary having power of direction.In a typical revocable grantor trust, the grantor can revoke the trust at anytime and transf...
Chris Trupiano
Wholesale KPIs/Data Management
Hi All,
I use REIsift for my list creation/data management, BatchDialer for cold call, Launch Control for SMS, and podio for CRM. Struggling to manipulate all my data to understand the flow of my KPIs (out bound cont...
Surya Kumar
Is putting 3% down a bad thing for rental properties?
I am looking to buy my first rental property and just started looking at mortgage rates from banks and credit unions. I saw Bank of America offering mortgages with only 3% down and without PMI. Is it a good thing to p...