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I'm doing a cash out refi and the bank is asking me, "what am I doing with the funds', what is the right/wrong answer to this question?Obviously, they have never heard of BRRRR method. thanks in advance for any insight.
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With interest rates at or near 7%, who is purchasing property right now (or in recent times at these rates) and actually predicted to cash flow after expenses (mortgage, taxes, repairs, maintenance, insurance, etc.)? ...
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Just thought I would provide an account of my journey since I started investing in US property market in 2011 and more recently Detroit. Perhaps this can provide some inspiration/feedback for any wannabe foreign inves...
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Hello all! I’ve recently joined bigger pockets and have been reading everything I can get my hands on. I’ve found myself inadvertently in real estate investment. Although I may not have intended to get into it, my hus...
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I live in New York City and invest out of state in Kansas City, MO. So far, I've had a very good experience. I own 2 duplexes and just sold a single family home, and have been somewhat lucky in the sense one of the fi...
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Anyone afraid of supposed economic bust similar to 2008 - 2013? What are you doing to prepare?
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I'm new to the real estate, in the military and just purchased my first home (3bd/2ba/2car garage) with the VA loan on Oahu for a little over 500k and it's estimated rent is $2,400/mo. I understand this is not sustain...
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Hello All,I am new to the website but have been listening to podcasts for about a year. I have a fairly simple question and wanted to get multiple perspectives on it. This question is for CA investors.Due to the low i...
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Hi All!I'm new to buy and hold investing. I'm using a excel spreadsheet that has a conservative 10% vacancy reserve and 10% maintenance reserve every month. I've spoken with turnkey companies that say they use a much ...