Wa Chan
New to REI. Do these numbers make sense?
Hey everyone! Trying to get thoughts on a duplex house hack in the Portland, OR area. 3 bd 1.5 bath about 1240 sq ft per unit. One unit is vacant and the other rented with long term tenants under current rental value ...
Tavari Keel
Furnace vs Baseboard Heat? Central AC vs Window Units?
Hello,I currently have a 4plex in which I pay all heating and cooling costs, running about $300-350/mo by itself (two furnaces and two ACs). I'm thinking about converting to electric baseboard heaters and window ACs t...
Steph C.
Multi-Family Loans and Seller Financing
Hi!
Just curious if you guys had any experience with getting a loan through a conventional lender (or portfolio lender) for a multi-family. Would a lender consider the seller holding the note as your required 20% do...
Matt Huber
Property with pool - special considerations
Hey all,I'm a newcomer to the discussion here; so far this forum looks like a fantastic resource. We are planning to rent our SFR as we move up to something bigger for our growing family. Our property has a pool, and ...
Brock Y.
What type of lending should I be looking for?
I am a novice when it comes to different types of lending ( Conventional, Private, etc.) so I am looking for some help as to which route I should take.Credit: Not so great. 650-700. DTI: Great. If I had 750+ credit I ...
Mike Webb
BP helped make us over $13,000 on our first wholesale!
Hi BP!Just wanted to share a little success story from our first wholesale and about networking on Bigger Pockets. I connected with @Bill Kenny on BP back in the spring, we grabbed lunch and quickly realized we share...
Diamond Howard
Real Estate Licensing Necessity?
Hello Everyone. I’m A Newbie BP & I’m Looking For Some Info Outside Of Just What Im Reading On Google. My Long Term Goal Is To Residential “Buy & Hold” & “Flip” But Looking To Get Into Wholeselling As Soon...
Scott Pigman
Obligatory 2% Rule Post: Origins, 50% rule, and interest rates
I believe that it's in the BP charter that every member is required to start a thread about either the 2% rule or the 50% rule at some time. So here's mine.Does anyone know when and where the 2% rule was first stated?...
Michael B.
Building a cash buyers list
Hi everyone!We are going to be launching a wholesale campaign in the Ventura County area real soon. We are trying to come up with creative ways to build a buyers list. We plan to attend a few a auctions to meet some p...
Stone Denning
Newbie looking for suggestions
Hey everyone, so I thought I was ready to buy a house but im a little lost. Here’s my situation. Currently I am averaging about $8-$10k a month with my part time job and my business in total. I write off everything I ...