Michelle Garcia
How are mortgage rates calculated?
I want to get a better understanding on how mortgage rates are calculated. I currently have two lenders trying to convince me to choose them as my lender with 5% down. One lender is telling me they can give me a 3.5% ...
Paul Schaefer
Can a non LLC qualify for hard money?
Can people using their own names instead of an LLC to qualify for a hard money loan, or do you have to have an LLC to get hard money?I am still very new & learning many new things. One of the things I constantly ...
Maria Rina Boidon
Need your advise on how to start Multi Family Investing
Hi. I need some guidance. I am new here in Bigger Pockets and I purchased a rental property in San Antonio, Texas back in 2019 with little knowledge back then, in real estate. Now the property is about $300,000 as per...
Manuel Savorelli
How important is income on tax returns for conventional loans?
Could you get approved for a conventional commercial loan for a small apt property if you only had roughly 20k on your tax returns but have an excellent credit score, $0 debt, real estate owned free and clear, and cas...
Jonathan Rivera
Real estate beginners
So I’m a beginner in real estate with basic knowledge. What are some safe markets to be in? I know it all varies but I’m not sure if wholesaling,Fix&flips,Buy&Rent are great and safe ways to start off with lit...
Scott Johnson
deposit
how does the earnest deposit process take place and how much do you offer as an emd
Brittany Minocchi
Rental Property and Bonus Income
My husband and I are looking to purchase a STR with a vacation home loan. We do plan to occupy it ourselves for the 14 day/10% of rentable days requirement. I've spoken to a few lenders and while I understand the guid...
Senthil N.
Renting out to someone who is has deliquencies possible eviction
Yet to run the rental history, but the prospective tenant has acknowledged in my pre-screen check list that he (and his wife) have fallen behind on a rent previously. He says, they did end up paying up the balance. N...
Christian Jones
Funding Rehabs when the originating bank has frozen new loans
I closed on 14 properties in the Springfield, MO area at the end of November using a portfolio loan. The bank that we used just told me that they have frozen making any new loans and so I can't just get my rehab money...
Ohad Folman
Reasonable property insurance annual cost
Hi everyone,
I'm pretty new here. Recently bought two properties (single and a duplex) in Detroit MI. Looking to insure them (under my llc). I got a quote for $550/m for both. Seems high. It is up to $1m for each pr...