Don Frost
Gathering lien waivers from the general contractor and subcontractors in New York
As a future flipper, I need a better understanding of lien waivers and have a question I hope you can help me with. As I understand it, in New York lien waivers are effective only if delivered when payment is made or ...
Justin Flournoy
Larger down payment on a home or buy rental property? Investing
Hello BiggerPockets,Before I get to my question, here's my current background.- 30M/27F (Me and my wife)- No kids- No debt (besides vehicles and house)- I make 90k, wife makes 70k- Combined income: 160k- House value: ...
Christian Nachtrieb
HELOC vs. Cash out Refi vs. Private Money
I'm having trouble understanding my next steps as an investor. I'm closing on my very first rental property at the end of the week and have been bitten by the bug, BAD. I'm already hunting for another deal but am not ...
Sequoia Pedersen
Is a HELOC considered Capital Invested?
When you run your numbers for calculating CoC ROI, do you consider money used from the HELOC as cash invested if you drew from a HELOC for a down payment? i.e. If I purchase a 500K house, and I draw 100K from a HELOC ...
Brenda Sacchetto
Lender takes possession question ???
I have a fairly dumb question. When a house has been foreclosed and it say's,
"The lender has taken ownership of this property through a foreclosure auction for the amount of .." and the original loan on the ...
George Paquette
Owner financing - What are fair terms in your opinion?
I am looking at a property to BRRRR for $300k and I threw it out to the owner to owner finance it. She said yes and for what terms? I wanted to get some ideas that people have received for owner-financing and to see i...
Daniel Rudio
Bank wants a 3 month holding period on private funds
I'm about to put a duplex under contract and In order to minimize my initial cash outlay, I am considering financing it through a combination of buyer down payment, private lender loan and a conventional mortgage thro...
Anthony Green
Capital Gains tax evasion
Me and my wife have lived in our home for almost about a year and a half. We have gained quite a bit of equity in our home and are wanting to move into a larger home. We have found out that since we haven't lived th...
Armin Rostami
Subject To Townhome Deal Analysis and How to structure and offer? (First Investment!)
Hi everyone, I came across a subject to deal with that would love to hear some experienced advice and feedback on the deal and if I should move forward with it. This will be my first investment and my goal is to get m...
Jeff Brower
What to do first year after purchase: Claim Loss or Claim Income for Future DTI Ratio
Hello All,I am just about to purchase my first SFR or MF buy and hold long term. I have done some searching on this topic and haven't found much so that is why I ask. I would like to know what most of you would do in ...