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Good afternoon bigger Pocket family! I been so busy building that I haven’t had a moment to come back on here and update you all. I hope this post finds many of you well and persevering!
Two years since ...
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Last year I bought my first multi-family (4-Unit) with an FHA loan only putting down 3.5%. I am looking to buy my 2nd Multi-Family but the lenders want me to put down 25% and on purchase prices around $200,000 thats $...
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Hi! I'm in Chicago and in the process of closing my first property where I'm inheriting tenants that haven't paid in a while. The situation: 7-unit building where the top two units are family and are both not paying r...
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I am no expert in markets, finances or anything like that.. but since the stock market seems inflated.. are we going to see real estate prices drop within the next year? Specifically if the stock market drops signific...
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Hi Bigger Pockets investors-. I've been looking into getting umbrella insurance for some time now for extra protection as I have multiple renters living both in my primary home and rental property. I'm running into a...
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I am a military veteran with an accounting background. I am looking to transition into the field of real estate. More specifically, an investor looking to receive rental income and/or fix and flip. I am trying to figu...
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Finally purchased our first rental property! Being a newbie, I just wanted to reach out to the BP community and ask if these fees are usual or customery?100% of the first months rent.10% of the montly rental.3% of a y...
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This is a bit of a sticky situation that I need help with. Sorry for the long post:
On April 6, I got a property under contract. A couple of hours later, I sold the contract to an "investor" (who I lowered my sale pr...
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I want to make sure i have this right. Say I buy a rehab using a hard money loan to purchase and rehab the property. And instead of selling the property i want to keep it as a rental property. But i also want to refi ...
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Isn't this surprising out of a Chicago politician? The administration refuses to release data on the "success" of the program, but is telling congress it needs more funding.
I don't know about yo...