Simon Aristizabal
FHA with another loan as a downpayment
Hello,I have been a member of BP for a few months already. I have read tons of books. But I have yet to jump in and actually buy a property.From all I have read and heard on podcasts etc, I realized that perhaps an FH...
Andrew Taylor
Need input on selling property to relatives
I own 4.5 acres in a rural community. I paid 125k for the land and have since put about 100k of improvements into it, including a well, electric service, fencing, and a 2200sf barn/workshop with living quarters. Inten...
Mike Rodrigues
Is this sketchy?
I am ready to purchase my first investment property and I talk to the mortgage broker at the office I am working with. I tell him I have 12k for a down payment, but my parents want to get involved for 35k also. He t...
Adam Newman
10% down or 20% down???
First time investor here, please bare with me! Tomorrow, I am meeting my realtor for a tour of my first multifamily house hack. It’s listed at $289k. I have $50k plus about 7k in the bank.
Closing costs are 2.5% - $...
Jay Garrison
RE agent contacted my lender, wants to move mortgage
Hi,I have done the appraisal, was waiting on seller to make repairs when my agent - without telling me she was doing this - contacted my lender and discussed moving my mortgage to another lender. The new lender offers...
Joe B.
Inheritance now or latter?
So I've got a unique situation. I am currently living on a 10acre piece of land it is owned by my parents. They are in the process of putting everything they own into a trust. The land I live on is going to be my inhe...
Joshua Dorkin
BiggerPockets is Making Your Pockets a Little Bigger: Help Celebrate a Milestone!
In celebration of reaching our 100,000 member milestone in the coming week or so (we're less than 500 away as of writing this), we're going to be giving away thousands of dollars in prizes to our users and advocates!
...
Albert Velasquez
What to do with 100k in the bank?
18 months ago my parents had to short sell our home and rent it from the seller. Today our financial situation has completely turned around. We have 100k in the bank and don’t want inflation to destroy it. We want to ...
Chris Daliani
Purchasing Condo-Providing Down Payment
Hello, I am currently in the beginning stages of analyzing a potential condo deal.My future brother in law will be moving to Jersey City in New Jersey. He was in the market for a rental, however I came up with an idea...
Carl Richardson
Paying bird dogs as a licensed agent in Texas?
As an investor/agent, am I legally able to pay a bird dog a flat fee or a percentage out of my profits ? If it's possible to do so, how would I go about doing that ? Do I need to get a separate contract drawn up? I've...