Thomas Travers
Subdividing with a construction loan on the property
I have a 10 acre property in Gilmer County Ga. I recently took out a construction loan through First Federal bank of Kansas City. I've been told by some locals that if I ever was thinking of subdividing, the sooner th...
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Top 10 Ways to Avoid Loan Fraud
:protest: Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Below you'll find the top ten ways to avoid becoming a victim yourself.
1. T...
Zeke Nickie
First time investor
What price range should a first-time investor look for and where did you start and how did you start
Antonio Similia
30 year term loan vs 15 year term on investment properties
So I just wanted to discuss the pros and cons of a 30 year vs a 15 year conventional loan on an investment property. My first post to these forums as a new member to Bigger Pockets!Quick background on my situation: I'...
Melissa S Vrobel
Trapped Equity in 3 rentals
Hi all BPs...
I have several SFH rentals that have quite a bit of equity built-up but I don't want to refinance based on higher interest rates. Does anyone know a way to access it without refinance. I know that the...
Jordan G.
Owner Occupancy Clause relief
Hello,
My Wife and I refinanced our home with an Owner Occupied loan 4 months ago. The language appears to be standard, 12 months occupancy unless Lender otherwise agrees.
At the time my wife, a pilot, had recently...
Nic S.
DSCR/Creative lender ideas
I will be selling a SFH that will net $90k that will roll into a 1031 for a quadplex. The price of the quad is $525k. Is DSCR loan the most favorable product when I have 17% for down payment? Is there another loan pro...
Hogan Underhill
Just started on Bigger Pockets-Investing Question-BRRRR
Here is my situation: I am only 25 years old. I bought my first house (townhouse) in January of 2021. The cost of that house was 252k. I used a conventional loan to finance the loan while only putting 3% down. The int...
Peter Douglass
Need private lender or miracle. Any suggestions?
My situation is a giant catch 22. I borrowed a private loan to purchase my property almost 2 years ago, gutted it, fixed it up slowly, and was ready to refinance this Spring. Unfortunately during this time, I also max...
Austin Damon
Starting out in Ohio
Hello all,
I have finished my third book and well into the forth on investing. Right now I am passively looking at properties, not yet ready to make any offers and polishing my deal evaluating skills. I am looking t...