Young Park
PLOC to BRRRR?
Hi BP!
I was wondering if you were to BRRRR using a PLOC to buy & rehab, would that affect your DTI, therefore affecting your cashout refinance?
Also, does anyone know the current PLOC interest rate? How much d...
Christopher Cline
New member in Minnesota
Hello Bigger Pockets, I am a new Investor getting ready to finish my first flip to put on the market or possibly rent. Looking for some advice on how to invest the profits with the potential market downturn/recession ...
Jonathan Reed
Newbie in Tucson, AZ
Hey all, my name is Jon. I currently live and work in Tucson, AZ. I was born & raised here & plan to stay for the long haul.
I work at a local CPA firm that focuses mainly on tax preparation & b...
Demetrius Davis
Strategy for Chicago Multi-Family Market at 6%+ Interest Rates?
I'm pivoting from Chicago SFH investing to multifamily (South Side), but I wish I had arrived to the party 6 months earlier. With investor mortgage rates above 6% plus points, prices on the South Side barely meeting t...
Tye Brooks
Am I Ready to Start Investing??
Hi BP!!!I've been on BP for a little over a month now, and in that time I've read countless forums, listened to a bunch of podcasts, and read a few of the recommended books. I feel like a have a decent grasp of RE, bu...
Will Costello
Lump Sum Investing or Pay off Rental Home
I have a rental home with approx. $87k remaining on the mortgage (6% rate, 20yr, currently at month 57 of 240). I will be receiving approx. $91,500 tax free; more than enough to pay off the mortgage immediately.
I wa...
Nick Louie
Should Pre-Approval Letter Contain Interest Rate?
Hi BP Community,I'm a first-time home buyer in New York City. I was wondering whether a pre-approval letter from a bank should always contain the pre-approved amount plus the interest rate for the duration of the term...
Valerie Buss
To hold or ground or back down
This is a WWYD situation:We were contacted by a potential tenant whose rental costs would be covered by an insurance adjusting company (referred to as XYZ Company) due to loss in a natural disaster. XYZ asked over the...
Mackenzie French
New investor in Rhode Island
Greetings!My name is Mack and I am a new investor in the Providence Rhode Island area. I heard about BP from my Wife's uncle who I just met on vacation in Canada. He is an Investor in Durham NC and filled me in on thi...
Wendell Butler
Finding/Calculating CAP Rates in Different Areas
Hello everyone!
How do you all calculate the CAP rates for different areas? Are their specific websites you use? Or connections you have? I am trying to run numbers for a commercial 7-8 unit property BRRRR and I have...