I have a question re: BRRR.When you borrow money from your property to buy another, it seems that you depend on the rental income to make the payment for you. Thus, you will have to pay the expense if you are vacant. ...
I want to get a small loan( ~10k) to rehab a property that I inherited and rent it out. I was wondering what lenders look for when screening you to check if you are a good candidate. I also would like to know if there...
BP,Good News: I just closed on my 1st Duplex! WOOOBad News: Kicked out inherited tenant on M2M. Feeling pretty shitty as tenant seems like a good guy, very clean, could only give him a few days over the legal minimum...
Hello All,I am about a year away from completing my active duty service in the Marine Corps. I am seeking advice on how to maximize the benefits of the Post 9/11 GI Bill, BAH, and any other advice to kickstart my futu...
We are new investors with ~$23k in our investment account right now. The following two properties are currently available. Our goal is to acquire both while keeping as much cash in the bank as possible:1) 3/1.5 in a g...
Hi Everyone,
I'm looking to start to invest in rental properties (ideally small multi-family, potentially value-add). My question is around how folks are acquiring so many doors in just a few years. I'm 28, I make ab...
Hello bigger pockets family!
How many LLC's should I have to ensure I am protected and correctly set up to do proper investing?
I've heard that you need at least 1 LLC but I've also read where you could do 3 LLC's.
We’ve all got to start somewhere and of course that “somewhere” looks different for all of us. I may be in over my head as a young (in age and experience) investor and realtor but I am very drawn to multi unit propert...
Hello all, I purchased my first home as a personal residence in March and I got what I thought was a pretty reasonable deal at 20% below market.
It had been a rental for 12 years and came with a lot of deferred maint...
How to acquire your first rental property without knowing what you’re doing...Newbs, aspiring investors and those that have suffered from analysis paralysis for a long time l, keeping you from purchasing your first re...