Hey everyone,
I've found a property, settled on price and received a quote for a loan: 3.5% 30yr. But I had some questions revolving around strategy and how to allocate money.
I can currently save $1K/month from my ...
Hey guys, I know many of you are probably like me and dont like to leave money sitting in a bank account if where it doesnt do much. I am wondering how others allocate their reserve funds. For example: in a bank accou...
Hello BP community! I'm very excited to be here and always happy to accept any tips from anyone. I'm still on the early stages of my investing journey and I ran into this question while studying. When I do get a prope...
Hello everybody!
My very first BiggerPockets question:
I know that the method that goes around here is to save anywhere between 5-10 percent for vacancy each month.
I was wondering, if I managed to save 6 months in ...
Hello, is there a golden ratio to the amount of Seed Capital that's wise to spend on different parts of the process? How much should, for example, go toward materials, compared to labour, etc.? Is there a ratio that w...
Hey BP,As my significant other and I draw closer to purchasing our first investment property we find ourselves butting heads on strategies involving rentals.When renting out a property that was refi’d out of to repay ...
I am seeking financial advice about what to do with my cash flow which is $1k each for two multi-families -- invest it in the market or pay off the mortgages more quickly? Or something else?Basic info: within the past...
I do not want to turn this into a real estate vs. paper asset (stocks, bonds, etc) debate. I am new to real estate investing and have the majority of my net worth in paper assets. For those of you who invest in pape...
Hey BiggerPockets Community, I'm investing in my hometown of Birmingham Al. Does anyone have a good recommendation for local lenders (credit union, community or smaller regional bank) that they've worked with for fina...
Greetings BP members,I'm looking to purchase a property and rehab it to flip. My question, is there a rule of thumb about how the funds should be paid out to the contractor? For example, if a contractor gave me a qu...