Libby Tucker
6% return for downpayment for NYC triplex under contract?
I was pre-approved to buy a house in NYC (a goal I've had for a long time)! I now have an accepted offer on a triplex in the Bronx. I'm looking at a 10-20 year hold and rent strategy. Loan requires only 3.5% downpay...
Tim Scroggins
HELOC on our home to help fund our first deal?
My wife and I have been in the learning and research phase of investing and are wanting to take action. We shouldn’t have any issues with bank lending but funding our first rehab will be tough. Unless, we pulled from...
Maria Osokina
House Hacking Minimum Deal Requirements
Hello Bigger Pockets!My wife and I are budding real estate investors, and for our first deal we're working on a house hack. We live in the Midwest where prices are reasonable, so a multifamily makes sense. We're earl...
Adam Stiles
Want to leverage my first house into multiple properties
Hi - I own a house in Oakland. I paid $339K. It's now valued between $750K - $850K and generates $5,700/month in rental income (pre-tax). I have a mortgage of approx. $195K. I've lived in the house 2 of last 5 years, ...
Rachel Kim
Newbie, New Investor Question for Next Properties
Hello!I am having difficulties understanding how investors can get more financing after the first or second property. I am not talking about coming up with the downpayment but rather regards to mortgage affordability....
Brian Horwitz
CONTRACTOR HOLDING MONEY AND NO WORK
Hello BP community!I just recently came across this forum and I am going through a difficult flip attempt. I'm not which category this goes into. I paid a licensed contractor in South Bend, IN $30,000 for carpet, wood...
Jessica OLeary
What would you do if you were in our situation?
I purchased my primary home as a foreclosure in 2009, currently sitting on about $100k in equity. Boyfriend/business partner and I have good W2's (200k combined annual) with longevity and 401k's (120k combined) boyfri...
Ryan Treacy
First Rental Property
Hi everyone,Writing in to get some advice on how to proceed with my first rental property. I purchased the property in mid-April and I’ll be done with the renovation after this weekend. I don’t believe that I got the ...
Justin J.
Affiliating with a Non-Realtor Brokerage - Maryland
Hi fellow BP RE agents,I moved to Maryland a year ago and will take the state portion of the Salesperson's exam in the next two weeks. That said, my initial goal when getting my RE Salespersons license was to save mon...
Alex Silang
The dangers of leverage? Could someone explain?
I don't completely understand this and need someone to explain it to me.
2 people have 50k equity in their 100k home. 1 decides to refinance and cash out 25k and bring the house back to 75% LTV. The other is ...