Bianca Montes De Oca
In Desperate Need of Advice!
Hello everyone,
I have a very unique situation that I need help with. I own a house in Colorado Springs that I owe $242k at 2.75%. I really would like to move out of this home due to mental health issues (lost a love...
Carolyn Morales
Mortgage terms, 10, 15, 20 or 30 years and why?
For Mortgages, including Primary Residence and Rentals, Do you choose 10, 15, 20, or 30 year terms and why? We tend to go fewer years, with the mind to pay down principal faster and so far all are buy and hold, with ...
Account Closed
New Investor Around Scranton PA
Hi Everyone,My name's George Folk, and I'm in the process of buying my first Buy and Hold property. I'm 22, work full time, and will be investing part time for now.While I am very excited to start my career in real es...
Joe Scott
New Fannie Mae appraisal system for 2015! How will it impact your business this year?
I just read this article
http://turnersappraisals.com/fannie-mae-to-pick-lowest-risk-comparables-for-appraisers/
Seems like at the end of January appraisers will have to jump through some extra hoops to deal with t...
Prince Chijioke
Question about buying out of state
Hello everyone,I am currently in Texas, but relatively close to the borders of New Mexico and Arizona. If I want to invest in rentals in one of these other states, does the process become more difficult if I am not a ...
Adam Parker
Financial advice/discussion in Colorado
Hi all ! New investor here. I recently took out a HELOC on my first house (had about 50% equity in it) to buy a second property that is multi family and renting out well. My question is with my extra 1000 a month from...
Daouda Diop
Rehab with intent to sell
I have a 2 units house with an extra lot that could hold the same 2 units home. The extra unit has a fairly new garage already built on it. I am looking for an investor that could provide the rehab cost with associate...
Jill Rio
How much to put down?
Hi Bigger Pockets,We are about to purchase our first rental property, and are trying to decide how much to put down. We can put down 40% and cashflow monthly, or we can put down the minimum of 25% and break even mont...
Dominic Scheck
Lock laundry room in a duplex?
Hi, BPers! I'm house hacking my first duplex in Northeast Minneapolis, intending to live here for a year before moving on to my next property. I just bought the place and checked out the inherited tenant. Before my ne...
Peter Kim
What should I do with excess cash flow (after expenses)
I know this is based on the goals I have for my self but a general rule of thumb, after deducting expenses from my cash flow, should I
A) Use the extra $ and put it in the mortgage
B) Save, save, save to buy anoth...