Let's not be coy, we overpaid for this lot, but we knew it going in this time...which is a refreshing change for us. We bought this lot as a marginal deal thinking that if all went well we'd be lucky to make $30k and,...
After doing some digging around and speaking with several lenders, it seems that the normal guidelines for banks to fund an investment buy and hold property is a 25% down payment, plus 6 months worth of mortgage payme...
We started buying this year and have three properties. One came with tenants, one is mid remodel and one we filled in June on a 12 month lease. So, until now, month 5 of that 12 month lease things have been fine. PM h...
Hello everyone!Quick bit about me- I'm a data scientist working in NYC and literally just started looking into REI a week ago. Mostly because of the dream I have of retiring early with a nice cash flow, but also partl...
Hello!First off, huge thanks to the BiggerPockets community, podcasts, tools and depth of thread topics; I wouldn't have gotten nearly anywhere close to where I am without the existence of BiggerPockets. I currently w...
Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
Hello all,
As a single father, I am reaching out to the community for some advice on a property that my sister and I recently inherited in Los Angeles, in the 90036 zip code. The lot is 6500sqft, with a 3 bed 2 b...
Hi all,
I am curious about how people are successfully operating rental arbitrage businesses. I own multiple rentals in the south/mid west and recently I was approached by an aspiring arbitrager to lease out one of m...
Hello, I am doing my first new construction and at first I was very confident, but no, not so much. A lot of my flips took longer than anticipated which resulted in me having to find money for the closing.I did! but ...