Hello Biggepocketers, This is my first post and I am finally getting my feet wet. I am considering an owner-occupied Duplex and I got these two mortgage quotes:FHA: 5% down - 3.375% - fee: $400 - Mont...
My husband and I are 85% done on rehabbing our first investment property. It's a 1942 duplex in High Point, NC that we plan to AirBnB. When I originally did my budget, I didn't include refinishing the floors but after...
I've just been offered a loan for $150k which is great. Problem is the loan term is for 8 years at 13.99% interest, and I can't pay it back early for 24 months.I know everyone talks about raising funds, etc. Should I...
Hi all,I'm new and would like to rehab my primary residence and afterwards, either sell it or rent it out.How do I figure out if it's more profitable to sell or rent?Who should I contact or where should I start?I've s...
I'm pretty new to investing in houses so I could really use some help here. Thanks in advance. Here is the math that I did:$100,000 down on 500k single-family in New Brunswick Nj, very close to the center of Rutgers C...
Hi all,I have a piece of land that I want to build a duplex on. The area is a B-/C+ area with mostly single family homes average vintage in the 1950s with average sale price of 100K. There aren't many new construction...
Noob here...
Up for debate:
Investing in SFH for cash flow. Cash flow is from owner finance mortgages instead of rental payments.
Which is better in your opinion?
Rental income OR Mortgage Income
Thanks in advan...
I found a property in Austin area with a good 7000 sqft lot and a single family house built in 1950's. Planning to buy it in cash and then build 2 site condos (each of 1200 sqft). Numbers I ran seem to work for this w...
Hi,I was wondering how often do you "refresh" your lists? I'm doing equity, tax delinquent and pre-foreclosures. Do you just keep mail to them so many times, then totally scratch that list and buy a brand new list t...
I'm in contract to buy a quad in Cleveland. It's my first property in the area. I know I'm on the hook for water & sewer. I'm wondering what I should budget for that expense. So, for those of you who own small mul...