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...
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...
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...
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,...
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...
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...
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,...
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...
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...
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...