Samuel Chua
What happens if I fail to pay the mortgage for my property
What happens if I have a bank loan and fail to pay the mortgage? Will the bank take the property away from me? Is this why it is always better to get a downpayment even though I have enough cash to purchase the entire...
Arthur Royale
$400K cash in USD, invest in Canada or US or both?
Hello all, I just joined this forum and I'm excited to be here! A few points about myself to give you some perspective. I'm a Canadian that now lives & works in the US and am a part owner of a student rental apar...
Yetunde Ijams
Rental Contract - Canada (Basement)
Hi All!
I will appreciate if anyone can share with me please rental contracts that might be suitable for a basement in Canada. I am considering letting out my basement and thinking of how to word the contract
Al...
Samuel S.
Cash out refinance strategy vs multiple conventional loans?
Hey BP Folks,So I am looking to structure a deal with a family friend whose an active investor, where he would be providing $100K in startup capital. I would be the active manager, basically running the entire busin...
Samuel Kunzman
Tax Implications of a Cash out Refinance
Hello, I am trying to determine whether the interest on a cash out refinance for an investment property is tax deductible. I know on your home if you do a cash out refinance that you have to spend the new delta of loa...
Samuel Imiak
Hello bp community
Hello Bigger Pockets Family, My Name is Sam. Im a 23 year old MBA student living in Queens NY (I'll be 24 in August). I have always been drawn to Real Estate. My grandmother (Abuela as we call her) has been an investo...
Ibraheem Abidemi
New to the city of Atlanta
I am new to the city of Atlanta. My wife and I recently moved from chicago and we are looking to buy our first multi-family house for rentals. I believe networking with real estate professionals we be a great benefit....
Samuel S.
How to refi out of BRRR without a W2 income
Hey BP folks,So this has been one of the largest concerns in my mind when it comes to refinancing out of the BRRR strategy. For instance - say I am only the refinancing portion away from a very successful BRRR, and al...
Samuel Carmichael
Refinance Hard Money - what does it look like?
How does it actually look getting my down payment back from a hard money lender?
If I acquire a 100,000 property with a hard money loan, and put 20,000 down....when I do a rate and term refinance, I assume the new le...
Samuel Bavido
How can I make use of this empty plot of land?
When my wife was 15 her dad convinced her to buy a 10 acre plot in Arizona off Ebay. She paid $100/month for ten years, so now we own this little bit of land. The upside to the property is that it's about 10 miles fro...