Vinet Fils-Aime
Single family versus multi family for first time investor
Hi All,
I am relatively puzzled as a new investor whether I need to invest in single or multifamily homes. I would appreciate if someone would provide some insight to each category; like pros and cons for e...
Chandler Durham
Peculiar Landlocked Fix and Flip HELP
Hello All! I need some input on this situation. A bank owned property (house and 4.5 acres) is up for sale, but it is technically landlocked by a .12 acre strip of land. The property was previously part of a much larg...
Lacey Haessler
Wholesaling: My Seller Needs Credit Check
Hi everyone,
This is my first post on BiggerPockets AND my first potential wholesale deal. I have been talking with this seller for a few weeks and he has finally agreed to sell to me. The only issue now is that he n...
David Lao
FHA with 15% Down or Conventional with 25% Down?
I'm in contract to buying a 4-plex in Oakland for 1.1 M. I plan to owner-occupy one unit and rent out the other three. I wanted to take out an FHA loan while putting just 3.5% down, but due to FHA's self-sufficiency ...
Jack Smith
Expanding a legal non-conforming unit in Chicago
I run into this problem often in Chicago. A three flat building also has a full unfinished basement or a bit of attic space as well. I would like to duplex down the first floor unit into the basement, or duplex th...
Ben Lovro
Home Selling Mistakes to Avoid in 2024
Introduction
Staying ahead of the competition is crucial.With emerging technologies revolutionizing the industry, it's essential to embrace these innovations to market properties effectively.Virtual Reality (VR) and ...
Shane Duncan
Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
Tim Porsche
Will This Financing Strategy Work?
Hey all, so I am planning on getting into house rehabbing and flipping in Spring 2016. I need a little time to build up some more funds, and do more research, and get a good team of contractors, real estate agents, et...
Michelle Elsaid
Starting Property Management As Agent
BP,I just received my agent license and have started inquiring with where to hang it in Orlando, FL so that I can begin working as an agent part-time.Two important things I am looking for are training and the ability ...
Mary Moore
Out of State Properties
What is the best way to inspect a property located out of state before purchasing? How do I fund a reliable source to act as proxy for inspection? Is it better to make the trip to see it for myself?