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I have an investment property that currently does not have any mortgage. I would like to open a line of credit on this property but the first 1/2 dozen places I have called, have done mortgages with these banks in th...
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Hello! My name is Klesta and I'm brand new to these forums. I have been listening to bigger pockets for 10 short weeks now, but I feel I have learned more here than in any of my years of attending college or the MBA p...
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Hey, I'm working on a spreadsheet and I'm wondering:
Does the Net Operating Income include deducting the costs for the "big items" that happen every so often, like roofs, parking lots, etc? I mean, if I set aside 3...
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Hello fellow BiggerPockets members,I find myself in a bit of a bind with my real estate investments. Last year, I took an aggressive approach and purchased six rental properties in the Midwest, specifically in the Cle...
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I’m looking to get into the BRRRR method of investing but with have to wait a year or two to save enough to try to buy with cash. Is it foolish to use hard money for my first investment? I’m ok with the risk but I’ve ...
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When acquiring multiple rent houses, would it be a smart technique to start combining the cash flow from all of your rentals to pay off one and then after your first rental is paid off you start funneling that cash f...
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I'm looking at a duplex with crazy cash flow but it's in a really bad neighborhood. Bunch of thieves, dogs, and drug attics running around. Pretty far from any restaurants, markets, and such. But it has 2 tenants in p...
Hey Everyone,I got a heloc on my previous home to fund the purchase of an investment property. I’ve since moved to a different property and a few years have gone by. The property now has more equity than when I first ...
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Hello,
I wanted to ask if an investor can get away with poor credit? I was talking to a loan broker telling him my situation but he says that most people don’t like to wait and could work with scores as low as 500 bu...
How soon can I use the appraised value of a property that was purchased for cash instead of the purchase price? I've been told that I can use the appraised value after 12 months of ownership. Otherwise, any loan I'l...