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Hey everyone,I'm intrigued at the idea of offering prospective tenants/buyers my single-family homes with a lease-option or rent-to-own scenario. I don't know a lot about Dodd-Frank yet, except that it definitely appl...
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I am sure that there is a spectrum of risk that we could all chart ourselves on and therefore I am not looking for right or wrong answers to this but am curious: How much are you keeping in reserves for each of you...
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My wife and I are using some IRA money to invest in real estate. We will set up an LLC when we create the new IRA and run our Real Estate into that. I reached out to my mortgage guy to run our plan through him and h...
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Hello BiggerPockets,Happy to report that after 8 months of research; three offers rejected and two realtors I finally got an offer accepted. Small multi-family in a nice area. Asking price: 55K, Duplex, built in 1910,...
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Hello,
I am a rookie who has been studying and getting ready to pull the trigger. Some background:My fiance & I live and work 9-5 in NYC. Ideally, we could buy a duplex as our first property, FHA loan, and hou...
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My fiancé and I are currently in negotiations on a triplex and the inspection revealed some unexpected repairs. With the cost of repairs and the down payment, I’m wondering if we are in danger of over leveraging ourse...
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Hi BP! I'm leaving the REIT where I did accounting and short-term leasing for retail shopping centers and heading to a property management software company where I'll be doing sales. Wages are likely to be 60% salary,...
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Hi All,I've been crunching some numbers in hopes to come up with my plan and would love some feedback. About me: I'm 35 and my wife and I have been following Dave Ramsey for a few months. For whatever reason I saw him...
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I am an insurance agent in Alabama and have recently been introduced to REI by a client. I insure about 60 single family dwellings for a guy in town and have been picking his brain each time I've met with him over th...
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Is it possible to acquire a 10+unit property (cash flowing) with $100k savings, a six figure salaried job, good credit but no assets nor cosigner?I keep hearing in these BiggerPockets videos that these guys are acquir...