Mike Wang
Rent or foreclosed
My situation here is: I have a underwater townhome appraised at $200,000 or less. But I have a mortgage at $280000 to this property. I was unable to refinance the property by the current low rate. the 1st mortgage i...
Jay O.
On Building Leverage for multiple properties while working on credit.
Good morning.Wishing you all a great day and an awesome weekend. Looking forward to working with Biggerpockets and building a great relationsh...
Matt Duckworth
First Time Investor: Owner Financing
Hello, first time investor here based in Atlanta! I’ve been able to locate a property off market and have been having conversations with the owner for a few weeks. He has agreed to sell me the home, but seems pretty a...
Lou Ruggieri
First Big Deal (Round 2). Help!
Since my first deal fell through b/c the seller caved and told me he was taking his property off the market when I questioned him with a few things brought up by you guys, I'm now a firm believer in most of the advice...
Jacob Lapp
FHA 203K Adventure Experience
The idea of an FHA 203k sounds like the best tool to use for a new investor. I’ve heard about it for years and with the market it’s a hard sale especially since most agents don’t fully understand the process. I’ve don...
Ryan Heilig
5 year plan
I am looking to make my first investment and would like to be generating 150-180k net within 5 years by adding properties each year. I own a primary residence and I will live in CA and looking at out of state investme...
Rafael Floresta
Help me figure out the BS charges on the closing costs my mortgage:
Here is a scan of my closing costs. I know a lot of those are legit, but the settlement charge seems really high, and also the survey. And the Document preparation fee, seems BS. I am already paying for real estate a...
Manny T. Marcos
Appraising with intent to buy "as-is" property.
Can some of you shed some insight on your experience with appraising "as-is" properties for sale? All of my purchases have somewhat been conventional, but I am interested in how to evaluate such properties that you d...
Joshua M.
Does the 50% rule apply for short term renting?
I am thinking of renting my current primary residence. I dont plan to hold it longer than 2 years so I am wondering if the 50% rule would apply?
Anran Wang
How to increase rent as a new landlord for a long-term tenant?
Hi everyone,I came across a rental house with good potential. The good part of it is, the long term tenant has lived there for over 9 years and they pay rent and are not likely to leave, but the downside of it is thei...