Brett Foley
Did the PMI requirement lower recently for banks to combat rates?
Hi all!I heard through the grapevine that mortgage banks are starting to lower the PMI requirement to 10% instead of 20% in order to combat the rising interest rates...? Wondering if there is any validity to this rumo...
Dennis N.
Should i start with investing lower price or higher priced homes?
Is it better to invest in five 200k homes or a one 1 mil? I am leaning towards the latter given that you are likely to attract higher quality tenant and stability. But interesting to hear your thoughts.
Jason Papp
Seller Finance - High Interest 2nd to have a lower sales price
Is something like this possible (simplified hypothetical example):
Seller wants 500kConventional loan for first 400kSeller carries a 2nd note of 25k at 19.5915% over 20 years = $100,009 in total payments
Would this ...
Edwin Vega
How does opening a LLC and S corp help lowering taxes?
I currently work at a aero space company and get company stock released to me twice a year. I head from my supervisor that if you open an LLC then open s corp you get a tax break. Was wondering if anybody has any exp...
Niraj S.
Septic tank capacity lower than the size of the house built.
Hi Bigger Pockets family! I came across a house which is only a couple of years old and in practically brand new condition. The price point is good too for the area but after my agent spoke to sellers agent, we found ...
Slaven Slugic
Im paying alot for my insurance - Advise on lowering the cost
Im paying over 10k a year on my flood, wind and regular home insurance. Any advice or suggestions to lower my insurance bill would be appreciated. For context, my property is in a flood zone so flood and wind insuranc...
Shalen Takaaze
Buy lower priced property now or save for higher priced property?
Looking for advice as I'm starting my long-distance real estate journey. Since I am investing out-of-state, house-hacking and putting down the 3% downpayment is out of the question. My first option is to go for a lowe...
Justin Moon
Using Gold as Additional Collateral to lower interest. Does this exist?
All,I'm always thinking about ways to creatively finance property, and this idea came to my head while I was driving home. I tried using Google to find a comparable example, but I was unable to track one down. I am al...
Bill Baldwin
Worth Paying 50% of Remaining Loan to Refinance to Lower Rate?
Refinancing question for the BP community.I currently have roughly $197k remaining on a seller finance loan for a recently purchased $300k property in Bakersfield, CA, at 5% amortized over 15 years (but I need to pay ...
Jonathan C.
Contractor Repair Estimate to Use to Justify Lower Price to Bank
Does anyone have an example contractor repair estimate they've used to get the price on a short sale down so the bank will approve it?I've come up with a few of my own but they haven't been successful in getting the b...