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Hey all,
Recently bought a 3family in my home state of NY and am choosing to do most of the management on my own to cut my teeth and learn what I don't know before I outsource it in the future. I am working with an...
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Anybody ever lent a small chunk of money (~10k) to a HML Lender who in return will combine smaller loans and lend as a HM loan in 1st position.
What are the drawbacks? I can imagine that there is little to no protecti...
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This is our second rental in Indianapolis that we closed on a couple of months ago, but it has been difficult finding tenants. The first rental we closed on in April rented quickly with no issues with a great tenant. ...
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Hi,I am considering obtaining a HELOC to purchase a second property (ideally for investment purposes). I have applied with Chase and a local credit union and have been rejected for lack of credit history. I own my cur...
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Hi Biggerpockets members,I'm from Southern California where real estate is just ridiculously expensive. It seems impossible to find rental properties that fullfill the 2% or even the 1% rule.However, I found the Coach...
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Hi Fellow Big Pocketers! We're doing a basement rehab, turning it into an Airbnb. I've considered hiring a contractor to do the whole job, but numbers came in so high that I started over and began calling the smaller ...
I live in virginia and own a rental property. Tenant has a two year lease and is breaking the lease - no cause on my end, they lost their job and got a new job out of town. I have no problem breaking the lease - but...
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Freddie Mac’s website explains the Homepossible mortgage as “A responsible, low down payment mortgage option for first-time homebuyers and low- and moderate income borrowers”. What Freddie fails to explain is how gr...
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On another post which we kind of derailed, we got into discussing creative financing techniques and clauses some of us use in notes secured by real estate. You can read more about it here:
Original "Motivatio...
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I'm sure this is a common question with house hackers, but I currently have my first multi unit in a rehab. I have an LLC set up and my question is twofold. 1) I understand putting this property into the LLC could tri...