Hello everyone, I am completely new at this, just began researching different aspects of REI a few days ago, so bear with me if i seem like a numskull.
I have been able to find information on most RE subjects onlin...
So I have a four unit property we bought for 505k fha 3.5% down 3.75% interest rate, that we’ve had for a year and looking to cash out refi to get a second property. BUT I’m not the appraisal will come back high enou...
Hello Chicago BP Community,
Back in 2021, I came on the Chicago forum and received some phenomenal input and contacts that led me to my first house hack in 2022. I have a feeling Brie Schmidt might see this, so thank...
Interested in using my IRA to fund a new LLC that would flip houses and put the proceeds back into the IRA. Then due it again. Any guidance?
Sooo... most HML will tell you (it’s in my interest that your deal works out) which sounds good and fairly legitimate given that if the flip doesn’t sell after rehab they probably don’t get paid timely and have to jum...
If you were to make $20K on a real estate transaction would you use it to pay down existing debt such as a car loan or credit card debt, reinvest it into another deal, or a combination of both?
As stated in biggerpockets Real Estate glossarry,
Assumable Loan - A loan in which the lender is willing to “transfer†from the previous owner of the home to the new owner, sometimes at the same interest rat...
If I spend 50k on a rental, and I want to do absolutely nothing to earn profit, what is the bare minimum annual % return I should expect. I thought it was 10%. Opinions welcomed.
I have about $360K liquid available. I have no real estate investments. If you were in my position, what would you do? Invest in a single family, more than 1 single family, multifamily, etc? Looking for some diffe...
For the landlords who do an annual lease renewal, if you raise rent, do you adjust the other numbers with it if originally those numbers were calculated from monthly rent amount?As an example, let's say rent was $950/...