Account Closed
Unknown Deferred Maintenance - How do you attack it?
I bought a few properties with some deffered maintenance issues handed down from the previous owner.
How do you all attack it?
Is there a checklist you use or a certain group of tasks that you have the trades per...
Renjason Patulot
Questions regarding Refinancing part of BRRR strategy
New RE investor here so I may be asking silly questions.
Is the process for applying for refinancing different from applying for a mortgage to initially buy a property? Or are they pretty much the same and that they...
Keenan Rusk
Baltimore and COVID 19
I recently closed on a property in Belair-Edison that I planned to BRRRR just a few weeks before things started developing with the coronavirus. I had not begun the renovations yet and wonder if I should proceed or fi...
Nick Hawkins
Trying to understand a loan with a "gift of equity" down payment.
I am buying an investment property from a family member for the $125k that they owe on it. The house appraises for $160k so I'm getting a $30k gift of equity to use as a down payment.
The lender is telling me th...
Ian Stuart
Multifamily Portfolio Loan ($12M - Denver, CO)
Hi Bigger Pockets: I have a client who is bidding on a portfolio of six multifamily properties totaling 98 units in Downtown Denver. They're seeking a portfolio mortgage (either crossed or uncrossed) of ~$12M (70% LTV...
Jeff Brower
Lender wont count rental income in DTI if taxes are self filed?!
Has anyone heard of a newly released IRS rule that requires you to file with a professional if you want to use rental income in your DTI for new loan qualification purposes? I just went to get preapproved and my lende...
Tannzania Stanford
Wholesale Real Estate
Hi,,
My name is Tannzania Stanford and I am trying to break into Whole Sale Real Estate. I would appreciate any newbie tips and strategies. Thanks in advance.
Rob Bergeron
State of The Louisville Market
Money is tightening up anywhere (I read something about bonds being pretty lucrative right now, safer bet). We are still moving product at a pretty great rate. I think everyone kind of understands rates will be fallin...
Jonathan Katz
Bernanke -- Outlines coming guidelines
At this time these are the current proposals:
* Outlawing No Doc loans -- Bye bye "liar loans"
* Prepayment Penalties will be no longer allowed at certain times on certain loans.
* Take away some incentiv...
Bryan Leon
Can I 1031 sales proceeds for new build on already owned lot?
I'm selling an investment property and want to know if the proceeds can be used towards a new build on an empty lot I already own. Does this type of procedure qualify for the capital gains exemption?