Leo B.
How do lenders know what CAP rate to base a refinance on?
I'm starting to look into performing a 1031 exchange into an apartment complex and am looking for more information on value adds and how a lender obtains their valuation based on the CAP rate. See example below.- 30 u...
Marcus Clouse
Does hardmoney lender ask for building permit for spec home before you own the land?
We are in the process of finding a HM lender to finance a lot and spec build.We have a lot that we want to purchase and already have the plans and have built this house numerous times already.One lender is asking to...
Roy Gutierrez
Cash out from Detroit Property
I'm thinking of buying a property in Detroit in an up and coming area (NorthEnd Area). Does anyone have any experience doing a cash out (probably after 6 months) on Detroit investment properties?
Eric P.
BRRRR ("fix and rent") in Baton Rouge area
I'm curious if BRRRR ("fix & rent") works in the Baton Rouge metro area. Essentially, the ability to have your purchase price + rehab costs <70% of the ARV, so after you rehab you can find tenants & then re...
Paul C.
Want to buy a personal home and start a HOLD business at same tim
So, my wife and I recently moved to Atlanta, Georgia. She has a really good job that she expects to stay atleast >5 years. I, on the other hand, am looking for a new job in Atlanta as I am currently commuting back ...
Michael Anderson
Need help determining my best financing option
All,I am diving in the pool of real estate investing. I believe I have several options and would like advice on picking the best one. To help with the decision here is a little about my current situation. My wife and ...
Joshua D baker
4 rentals 2 paid off! I need examples of scaling done right? TY
It took me a while to pay off my first 2 rentals. I then bought a duplex about a month ago. I want to scale my business. I am real fortunate in my life right now bc I don’t have children and I’m not married so I can r...
Amber Tippett
Should I use equity from my home for downpayment on first rental?
I'm obviously a super newbie, just thinking through options to get started. My husband and I have a ton of equity in our home that could be a line of credit towards upgrades, however wondering about putting it towards...
David F
Hello from your neighbor up north
Hey Everyone,
My name is David and I'm 30 years old, from Montreal, Canada.
I've been researching REI for the past few weeks and yesterday stumbled upon BiggerPockets. I have been blown away by what I've read here. ...
Chris Bounds
Owner's Financing & Loan Servicing Companies
I have a property that I am looking to sell by offering owner's financing.
My primary goal is to amortize the loan for 30 years with a 3 year balloon. Reporting to credit agencies will help the buyer refinance out ...