Ian Viray
First Time Investor - Condo or Multi-family?
Hello,So I currently live in San Diego, CA and I'm looking into investing in real estate. I have two options right now: first option, I can afford to buy a condo this summer with at least a 5% down payment and I plan ...
Aaron Smith
Help approaching owner to carry 2nd note
Hi gang, I've found a mobile home park right up my alley. However, the owner wants $350k. My MAX loan in order to put down 25% with a bank is $260k. That would take ALL of my down money with nothing left for reserves....
Account Closed
How Sub2 used promissory note?
I know we can use a promissory note to pay the seller during the subject2 deal because the property have equity and positive cashflow but how do i know in the next 5-15 years i will have the money to pay back the sell...
Colleen Murphy
Need advise on selling or holding
Would appreciate advice. We own an investment property in Ohio. It's a duplex purchased for $45k last December. Rehab took way longer than expected and went WAY above budget. We're now all-in for $160k. Had it apprais...
Kamal Tripathi
First time Private funding
It'sy first deal ever for private funds. I have a friend who is willing to invest in a rehab property at 14% flat returns for 6 months.
question now is: how do I get his funds and return his funds back later (Avoidin...
Shawn Choi
How to HELOC on a Rental Property in Los Angeles County, CA
Hello,I have owned a Duplex in Los Angeles County since 2019, and looked into accessing my equity for another purchase.However, as I have never lived in the property, and the property is under an LLC, I was informed b...
Zachary Floto
Facing newbie burnout - anyone finding deals?
Hey everyone! I’m a new investor, I’ve soaked up as much as I can from books and podcasts and this website and was finally ready to invest. I’m new to Atlanta and decided to go with a rental property as my first inves...
Devin McGinley
What LTV % Needed For Cash-Out?
I owe 274k on my property getting appraised in the next couple weeks, sometime. The exact same floorplan just sold for 360k down the street. I'm thinking around 350k is what mine will appraise for. With that being abo...
Brian Madore
Asset Based Mortgages?
If these have the 2 position's to make up the puchase price, how can I use BiggerPocket's in finding the 2 lender's to satisfy each position to purchase the cash flowing property?
Brian Bailey
STR Rental @ $356k Purchase / $56k Annual rental income - 90% LTV DSCR Options?
Property is off market purchase at $356k. Has cash flowed between $50k and $56k the last 3 years with upward trend. Same property manager staying involved (did $56k last 12 months). Credit 700+, bank statements ava...