Glen Sonnenberg
Las Vegas Rental Decision
All,
My wife and I have a rental property in NW Las Vegas which I have been renting to my sister and her family. We purchased the house (4br/2.5ba) in 2010 as a short-sale for $142k (25% down on a 15-year fi...
Louis Mannikko
Using 401(K) Loan to finance first property
Hello,Just curious what you all thought about the idea of using a loan from your 401(k) to finance the purchase and rehab of a 1st property.My plan would be to use 40-50k to purchase a small rental apartment, fix it u...
Dillon Cook
Interest Rate Predictions
Hey everyone,I'm asking around for opinions, observations, and predictions as we see an upcoming interest rate hike already affecting investors. Two months ago I saw loans as low as 3.2% interest rates on residential ...
Kat Malkowski
Failed city inspection- must repairs be done prior to purchasing?
Looking to flip (or possibly BRRRR) a property in the Chicagoland suburbs, but it has failed many things on its municipal inspection (really no surprise - it's a highly distressed property). Here is my question to tho...
Aaron Liu
Price Appreciation in Brooklyn Neighborhoods?
Hi all, I am currently looking into purchasing a 1BR condo for my first home. As someone who is still getting familiarized with the Brooklyn market, I'd love for any thoughts on good neighborhoods in Brooklyn for futu...
Charles D.
How do people flip house to make money with all these costs?
I don't quite understand how people can many money of flipping houses fast. There is theReal estate agent commissions 6% + Seller concessions 1.5 % + closing cost 1%. There is at least 7.5 % cost to sell a house. Plea...
Blake C.
Sell to LLC to avoid tax under 2/5 rule?
Question: We purchased and have lived in a home for the last 5 years as our primary residence. In that time it's value has gone up about 40%. We are about to move out and rent it. To fall under the 2 of the last 5 yea...
Kin Hei Lam
Giant Headache
Hey EveryoneI've been trying to buy a house for a while now. Recently this June, I saw a detached 2 Family house in Woodhaven, New York. The Seller is an investor and he didn't want to use an agent. My brother and I ...
Nathanael Giovanni Opoulos
Advice on how to proceed?
Hello,
I recently joined biggerpockets and have been really excited about getting into real estate investing. I've started looking at multifamily homes with the idea that I can do a house hack. I have about 14,000 sa...
Robert Wood
Delayed Financing Option for First Flip
Howdy!
My wife and I are looking to try our hand at the BRRR tactic on a distressed property in Waco, TX. After listening to Podcast 233 (with Arianne Lenore) I am increasingly interested in the Delayed Financing st...