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I just recently signed a new tenant in a unit for a 6month lease. It has been two months and he called today and told me they are buying a house and will be out by the end of february. I'm am unsure if my wording in m...
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I'm looking for best practices to employ while shopping for mortgage loans for investment properties (small multi-family and SFR). My standard approach is to pursue 3-4 lenders when applying for a mortgage. I typica...
We have been renting a 1750 sq. foot home in San Jose, CA for the past 2 years. We are paying a ridiculous amount of rent $3100. The home has a pool, but no AC.
Move in condition was deplorable. It was filthy. The ow...
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Some may consider it a waste of the investment, but I have the "post 911 GI Bill" to use so I'll actually have my schooling 100% paid for while getting a housing allowance based on the expenses of the area.
If you ha...
I moved to Portland, OR with the intent to buy a SFH & house hack or purchase a multi-family. However, Portland has declined substantially in terms of homelessness taking over every neighborhood, trash piles every...
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Hey BP world i'm trying to wrap my head around the strategy of lease option, would anybody be so kind to role play it with me. ill be the distressed seller and you be my fairy real estate investor{..Ring Ring}Investor...
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Hello,
My friend is looking to buy property and I told him I'd ask for him. How difficult is it to re-finance at the end of a hard money loan(interest only, 6 months)? He might be paying 34 to 50% cash, the rest a lo...
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Hey all, I'm wondering what you all do when given a security deposit. Do you immediately put it in an escrow account or do you just keep it in your personal account? I've heard about landlords that pocket the deposit ...
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Hi Biggerpockets! I need a little help or guidance. I feel like many of the properties in my area are overpriced. I'm looking to purchase SFR properties in Charlotte, NC and the surrounding area (concord/kannapolis)...
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While you're busy learning about real estate, finding deals, and making things happen, what are your friends doing?
Are they "rat racers" like a lot of my friends are? How does it make you fee...