Jared Stasch
Auction.com again!
So I think I get it now. Auction.com does nothing except put an offer into the sellers hands. Even if you win the bid and meet the reserve, all you have done is basically presented an offer. It's up to the seller t...
Keith B.
Primary Residence Jumbo Loan need help
This is my first post on BiggerPockets ever. I've been a member for a while, but I've always just come to research and read. I am a business owner, I pulled a salary and a K1 disbursement every year . On top of...
Isiah Ferguson
Cash reserves or credit ???
Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...
Collin Hays
Another plug for Airbnb
I have stated on BP many times that we do not work with Airbnb, and my stance is further confirmed by my latest experience with the company:
In April, we took over management of a large cabin near Gatlinburg that was...
Peter Aziz
Problem with the 50% Rule
Hello, BP! I hope everybody's doing well around here. In thinking through the 50% Rule, and modeling it out in my spreadsheets, I am finding myself very uncomfortable using it. Here is the hurdle that I'm mentally up ...
Chris C.
Not enough money in self directed IRA
I understand that you can use a self directed IRA to buy a property (either in full or as the down payment). But say you use it all as the down payment, then you suddenly have a 10k repair that you need (roof broke, h...
Jay Morrison
Changing jobs in the middle or mortgage approval ?
My company is doing layoffs and mine is one of them. It is happening this week.But I saw this coming from rumors and I was interviewing already.I have a new offer letter already and will receive my first paycheck for ...
Erik Timmermans
Should I stay or should I go
I need your experienced input on a duplex I am trying to close on and would like to add to my portfolio as an "buy and hold" property.The asking price for the duplex is 110k and the duplex needs about 15k in renovatio...
Jerrett Wilson
Two Houses, One Property - Help!
Hey BP! I got a question, that I’m having trouble finding an answer to!A little back story before jumping into the question. In January I purchased a property that had two houses on it, a SFH and Duplex, which needed ...
William S.
Milwaukee Condo HOA Concerns
2 bed, 1.5 bath (Cash purchase)List Price: $40k (I think I can get $30-$35k)Rent: $750-$800Rehab: Under $1,000Insurance: $33.33/mHOA: $96.24/m (covers water, lawn, snow)Taxes: $106/mVacancy 5%: $37.5/mRepairs: $83.33/...