Victor Eng
Renting out the first property and buying a second
BP,I recently maxed out my leverage (my PITI is 42% of my gross income) in order to purchase my first owner occupied property (I put down <20%). I am planning to purchase a second property in a few months using the...
Joe M.
Should I refinance for better cash flow?
Hey BiggerPocketsSo currently have a decent chunk of equity in my rental. It has a good tenant in there currently and is cash flowing about $300 a month. I asked and if I refinanced I would have a worse rate and add...
Sarah Miksa
Add a Bed or Add a Bath?
I just bought my first investment, a condo in the heart of Lincoln Park Chicago. It is a huge 1/1 with 2 private outdoor spaces near safe public transit/depaul university. I am exploring two options as a new investor....
Naaman Newbold
Deal with Assignment Clause
We're looking at a deal with an assignment clause and it's the first time we've dealt with this clause. Overall the deal looks good, but our broker won't do a deal with an assignment clause because it raises "red flag...
Shane Welch
Granite Vs Laminate Countertops
Granite or Formica Laminate?This is a 180k 1975 Brick Style Duplex in Virginia.The maximum I plan to rent out (after renovations) is $950 each side.I would like to get Formica Laminate in granite style. Which would c...
Mark Hu
Are extra payments deducted directly from principal?
I've read that when you pay above your normal mortgage payment each month, the extra amount is deducted directly from principal. Is this true, and do all lending institutions follow this?
Brian Pacheco
Real estate in Michigan
Hi everyone I’m 18 years old just graduated high-school and have always found interest in getting into real estate ever since I was 16 . Lately I’ve been looking at properties around my area that are for sale but I do...
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Staging
When you stage, where do you get the furniture? Is it rented or do you already own the furniture and store it between showings?
Barbara
Eric P.
First investment property REO?/ New member intro
Hello everyone. This is my first post, look forward to learning a lot here. I've been interested in real estate investing for a long time, and have taken the idea off the back burner. Here's a little info about mys...
David Kim
Navigating HOA Building Insurance when Renting Out my Condo
Hi folks!
I own a condo in a small, four-unit building, but I've since moved out, and want to rent out the current condo after doing some remodeling.
One of the 4 units has been a rental unit for a while, and mine w...