First time investor. Looking into using the equity in my primary home to purchase a rental to use the burrr method on. Is this a smart financial decision? Will I be able to get a bank to cash out refinance being new t...
Hello BP,We are new to this and trying to invest in the Minneapolis/St. Paul metro area. We have been looking for our first deal for a number of months now and I believe we found one and are looking for feedback from ...
I’m considering investing in short term rentals. I’ve been working on saving up a down payment for my first rental but curious about using a HELOC to take advantage of the equity in my primary residence for the down p...
Hey guys,
So I’m exploring options to do my second deal and would like input from the community. To start out I’ll let you guys know my current situation.
I’m 22 going to university full time in Toronto and working ...
Hey guys, I have been playing with some numbers on some local properties around where I live and my ideal market. Here is one fourplex that I think makes a lot of sense. Is there anything I am missing? It seems like a...
Hello everyone my name Is Deshaun Wilson, and thank you for allowing me to join bigger pockets. I'm 21 about to turn 22 and my goal is to reach financial freedom. I want to build my way there through rentals and as ti...
BP,I have a tenant that moved into a property Jan 2021. I did not raise the rent at the one year mark. The rent is $900.00 a month for a 3bed house. Rents have gone up drastically and after doing a market analysis the...
Say I buy an apartment building today with a 5 year note that amortizes over 30 years. I'm cash flow positive -- lets just say interest rate of 4% and a 7% cap on the building.
My real question is this - What if rate...
Hello everyone,I hope everyone is having an amazing weekendI have a quick question for some of our experienced investors in the group! We currently have a property under contract that we plan to buy and hold. The init...
Everyone has their opinion on politics, so I won't comment on good/bad/ugly happening in Washington, or how things ought to be. I ask that you don't either in replies to this thread. You aren't changing any minds.
W...