I'm going to close on my first 4plex in a month with an FHA loan and 3.5% down. I don't have much assets, let's just say less than 50k in total (savings and stuff. Im young, so no retirement accounts yet). I've read o...
I would like to invest in single family properties. I am from Michigan, but planning to move out of state. I would like to invest specifically in Michigan because I am familiar with the surrounding areas. If I invest ...
Since last year, my wife and myself have been house successfully house hacking an SFR. Instead of buying another property now, we decided to see if it was legal in our area to put in an ADU. I just reached out to the ...
I'm considering investing in real estate to accelerate the growth of my wealth, and wanted to see what my options are. Given my situation (see below), what real estate strategies are the best fit, what are the typical...
Hello everyone!
I was just wondering if anyone can give me an example/definition of refinancing and how it works.
I know it's pulling out a second loan after paying off the first loan? Does this mean it only applie...
Hi BP Fam,I'm looking at a 6 unit apartment building that is rent stabilized. I'm not knowledgable in this space I was told to connect with a commercial attorney. I was curious to know with the purchase of this proper...
Hi, I needed some clarification on traditional financing. Here’s an example of a deal. Buying a SFRNeeds to be rehabbed Selling price $192,000ARV $325,000Total loan needed would be 75% LTVHas at least 12 months of ren...
I am new to Bigger Pockets, and this is my first forum post.
My fiance and I are looking into buying our first home. I have decided that instead of purchasing a single family home for ourselves, we have begu...
Hello everyone,I feel like I should've been able to find the answer to this question by looking through the forums but for some reason I cannot find it. So forgive me if it was right under my nose. So, when calculati...
What is the difference between commercial and general multi family housing in Rhode Island? I had originally heard that anything with 4 or under would be considered multi family and 5 and over would be considered com...