John Lazzarini
[ Bay Area ] Feasible to start RE portfolio with a multi family?
I need a reality check from those in the business. Is it feasible to begin with a multi family near the bay area?I live in San Francisco, but work in Palo Alto. I believe I'm priced out of purchasing in my high COL ...
Sean Kelley
Refinancing Question - Primary and Rental Properties - Wife Only?
Hi All-
I'm looking for some advice on refinancing. My wife and I both own two homes, our primary and a rental home we used to live in.
I left my job earlier this year and have a large chunk of savings I intend to ...
Kyle Stines
Primary Residence, same rules as Investment Properties?
1.) I am wondering if real estate investors generally purchase their primary residence with similar rules as their investment property. I am about to purchase my first home and feel guilty for not being too sure o...
Dean Weltman
My Wrap Hit a Snag, Looking for Other Ideas
Guys and Gals,My first wrap hit a problem - HUD apparently doesn't allow wraps of FHA mortgages. I have a buyer ready and willing, but he insists on only doing an owner financed transaction.Here's the skinny: I have a...
Chad Dickenson
Lender for BRRRR Refinancing before 6 months?
Hey BP Family!We've got a property under contract that we would like to BRRRR. We are doing a hard money loan for acquisition and rehab. All of the Lenders we have spoken to (3 local ones now) have said that in order ...
Scott L.
Default rate/issues on private money loans for flips
Hello, I'm just delving into acting as a private money lender for single family house rehabbers. Common terms I've been offered by the developers/borrowers range from 8-10% interest, for me to invest 85-100% of acq...
Account Closed
New to the community, looking for guidance
Hello everyone,
My fiance and I are new to the BiggerPockets community and are looking for some general guidance. We have a vague idea of what we're looking to do, though it's so early in the process we are amenable ...
Austin Negron
Most Important Rule To Know For House-Hackers
I'm a strong believer that a house-hack is one of the first steps to wealth and financial freedom.However, this one rule is overlooked and constantly kills deals before they even happen:The self-sufficiency test. I ta...
William Manning
A bad plan is better than no plan at all
Blueprint, strategy, map, sketch, plan, or whatever.
Hey, it sucks being lost. What's even worse is having a ton of options, directions, opinions (this one too) that someone can meander and stumble through. I'm new....
Art Maydan
Buying Multi-Family Unit with FHA in Chicago?
I'm 23 and my wife is 21 and we'd like to buy a multi-family unit in Chicago with an FHA loan because of the low down payment. 1. How feasible is it to live in one unit and rent out another?2. She's a teacher. Are the...