Isiah Ferguson
Cash reserves or credit ???
Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...
Carrie Smith
Mortgage plus Cash-Out for Down payment, or just pay cash?
Theoretical scenario: If I can get 180,000 out of my house for a cash-out refinance to purchase another property, should I pay cash in full for the 2nd property and have the cash-out refi on my primary residence? ORSh...
Sole Angel
What’s a minimum amount of money to start?
Good morning! What’s the minimum amount of money that would be a good start to buying a $100,000 fix-and-rent property? With no debt and a 778 credit score.
Rob Randle
Duplex Questions - Saving For Repairs
I'm analyzing a duplex deal that I see in my market. I plan to live in one unit and rent out the other.Analyzing this multi-family deal there is a separation between repairs that need to be made and repairs that will...
Daniel Pearson
Asking for names and birth dates of minors on lease
Hi all! My wife and I have an ADU in our basement and we're getting ready to get our third family in there as our current tenants are moving soon. We're wondering if there's any law that would prohibit us from request...
Maya Gibbs
New Investor here!
Hello Everyone! I'm a potential investor looking to emerge into the real estate industry. My goal is to secure my first property with very little to no money down (its possible!).I believe that networking is extremely...
Jason Miller
Financial books for tenants
An idea Ive been toying with for a while is giving financial books to my tenants. Specifically the Richest Man in Babylon and The Total Money Makeover. I realize you can lead a horse to water, but my theory is that ...
Raj Kumar
Out of state Multifamily investing and learning
Hello, I have been doing fix and flips/buy and hold investing in SFR properties in Chicago area. I have full time job but was able to continue doing the REI in Chicago area. But, recently I started looking in...
Seth C.
Where do you keep your contingency funds?
This is my first BiggerPockets post as a new investor. I am curious, what types of accounts/investments are people using for maintenance/repair funds and/or rent deposits? Are there any rules of thumb in terms of perc...
Nicholas Hindes
Save up or seek creative financing?
Hey everyone. I am new to RE investing but SO excited to jump in with our first rental. Could use some feedback regarding what next steps to take. Right now we are about 4 months out from finishing some student loan p...