I'm a new REI looking to buy a multifamily property for rental income. I've read the Ultimate Beginners guide, as well as Investing in Real Estate by Gary Eldred and I have a couple questions. 1. What are the pitfalls...
This may be a little bit lengthy but I think people could learn from a recent purchase I made. I closed on a house yesterday that I bought at an auction. I have purchased at least 30 houses at auctions so it’s not t...
Looking for advice and feedback on the following debate. Here is my 2 cents:Home ownership has been idealized as the American Dream with the white picket fence. Emotionally, it has provided many couples a sense of own...
Hey everyone. I am brand new to biggerpockets as well as the idea of buying and selling land. A couple basic questions for anyone that has had success buying and selling land. I apologize ahead a time for the possible...
I've heard a few tips about excluding certain appliances, putting language in the lease related to maintenance calls, or being really choosey about tenants in the first place. What strategies have you had the most suc...
Hey everyone,
When it comes to fix-and-flip projects, the down payment and closing costs can add up quickly. I’m curious how you all manage these upfront expenses. Are you using hard money loans, tapping into savings...
Hi I am a current homeowner and want to get a 2nd property for short term rental.I am wondering what would be the best course of action in terms of getting a loan for an investment property.Would you recommend getting...
Hi allI hope all is well. I was recently offered this, wanted to get feedback, questions, etc. Assume you have cash currently earning 4.6% in high yield savings. Key Deal Points:Loan Amount: $88,000Lien Position: 1s...
Hi guys I’m a rookie at this and I have spoken to an agent before I make an offer tomorrow I want to cross my T’s and dot my i’s.. in the brrrr calculator I have a favorable report, however I want to make sure I’m inp...
I'm wanting to get into PML. I understand the after repair LTV should be no more than 65-70%. But I'm more confused on the LTV prior to rehab. Let's say a property cost $300K and needs $150K for rehab so total cost $4...