Edmund Li
Capex reserve for cheaper props
I am a newbie investor looking to get my hands dirty with my first purchase. I have been in search for my first rental property for a while, and I haven't pulled my trigger because I couldn't get the math right.I've f...
Richard McCaig II
BRRRR question... funding
New guy here looking to get into my first rental and a thought popped into my mind that I have no answer for.
The house I am looking at is $110,000. I am planning on using 20k to update the house. When I get a mort...
Luke M.
Has anyone been able to get a HELOC on a rental property?
I keep getting turned down, but I've been told some local banks will sometimes entertain it.
It's located in San Diego, California, and I live in Brooklyn. It's rented well and has about 60% in equity. Any ti...
Brandon Hall
Cash Gift From Parents Can't Be Used for Investment Purchase?
Hey Folks,I'm in the market for my first property (investment and otherwise) and was on the phone with a loan officer earlier today. The original plan was that my parents would match my cash contribution and classify ...
Andrew M.
my plan for buying my first property
with the help of this forum and several books i have been reading in the past couple weeks i have decided that in the near future i am going to buy my first rental property.
my plan is to buy a relati...
Todd Wood
I could use some advice on how to deal with my rental property
I have a SFH in Portland Oregon, that I once lived in and has been now rented for 8 going on 9 years. It is a small 3bd 1bth 960sqft. My PITI is 1169 and my rent is 1380 (just raised it this year was 1270 prior) and...
Shaniqua Dupree
poor property managers
Hello everyone, Im posting this question from a renters view. So i just moved into my current residence march 30th. Since then i have had three floods. One in the laundry room and the others in the bathroom. Actually ...
Stefan Stankovic
Houston, TX 2-4 Unit Multi-Family
Hello All. I'm an avid listener of the BiggerPockets podcast and figure I've been missing chances for good insight on the forums too, so here goes one of my first posts!My partner and I are getting pre-approved for a ...
James Cerasoli
Is my property manager taking advantage of me?
Hey all,I purchased my first rental property May of last year that is a 3-unit student rental. I found a property manager through the attorney I worked with in the area who claimed he uses him on his own properties an...
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
I've seen so many forum posts advising NOT to give any money to contractors upfront - because so many people have been ripped off by contractors. I've seen many responses from contractors, saying they've got to buy ma...