As a newbie investor, I have a few main priorities; lower my DTI, gain as much knowledge as I can and aquire my first investment property that cash flows well.Currently, my debt is roughly $130K. $70K of it is my wif...
Hi everyone,I would like to meet with the mortgage lender at several banks to make sure I'm prepared when I find a property. I want to ask exactly what are my mortgage options for financing a mult unit , the qualifica...
What’s up BiggerPockets, My name is Oscar Benitez. I’m very intrigued by real estate & read a few books so far including “the book on rental property investing” & “BRRRR”. I’m 25 years old in the Atlanta area...
Hello team!I have a property in Baltimore that I'm preparing for a lead based inspection. I'm not familiar with the process however. Is there some kind of a pre-inspection list? Or a way to get a pre-inspection to be ...
HeyWhen buying performing notes do you tend to prefer ones that have a longer period left or a short one? There are advantages to both sides, would like to hear your thoughts on the matter. For sake of discussion, I ...
Hi everyone,I'm considering moving from real estate to construction and keep seeing articles about high interest rates and labor shortages affecting the construction industry, but they often only scratch the surface. ...
New member to Bigger Pockets. Just want to say hi. By trade I am an engineer and have always enjoyed real estate. Ideally, I am looking to reduce my exposure in the stock market and start learning more about note i...
Hi,I wanted to get advice on buying a pre foreclosure. The person is asking $160,000. Realty Trac shows that the mortgage is for $130,000. I plan on going to the recorders office tomorrow to find out how much the judg...
I just purchased a brand new townhome and had listed as “coming soon” closing date is next Apr 8. I just found out that my next door neighbord “end unit” also listed the property for $200 less . I have the middle unit...
I've seen several types of calculations used to determine return on a note. One is the cash on cash method, and the other most frequently used is the IRR.
I am familiar with how to calculate both on typical r...