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About a year ago appraisal value was 192k. Due to a death situation the sale was put on hold. The process has restarted, from point 0. This time appraisal came back at 172k., sale price is 160k. Previous owner was i...
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I have two homes in Missouri that I made offers on for $63k and $77k (paying 25% down on each). Then our loan officer said the underwriters rejected them. She explained they are lower priced homes so they have a har...
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Hey! So I just closed on my first rental property and have it posted on Zillow, it is in a desirable area and I priced it competitively when directly comparing it to other listings. It has been listed on Zillow for 4 ...
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Hi! I'm Jeff and this is my first time really taking the efforts to begin my passive investment journey. I've heard a lot about Biggerpockets over the years and I've even worked for them as a contractor. I own a media...
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Looking at how to improve my DTI for next purchase and noticed that the mortgage payment on my credit report includes full escrow (taxes/insurance) which is significant at $1,200. Since its on my credit report it will...
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I don’t know if it’s my market or what but I often see mf properties that are boasting around 8% cap rate but the current state of lending is around 8% so there is no cash flow to be had? Am I missing something?Is tha...
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Hearing out all advice and tips on starting out and getting my first property
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Depreciation(almost 35% of income), taxes(almost 35% of income), mortgage interest(almost 40% of income) lowering tax return this year taking my business income to negative value. Last year also it lowered to much mor...
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Hey BP Family,
I noticed that many investors inquire on ways to cut costs in kitchens, but sometimes by doing this, they miss out on the best ways to add value to a kitchen that is not expensive.
Here's a list ...
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I have a building that use to have a lower unit for rent by the previous owner, which has just been storage for a while. I would like to fix it back up and rent it out again. It is a small unit with 1 bedroom/bath loc...