Shawn Schwabe
New real estate investor in Iowa
Hello! I am a new real estate investor living in Cedar Rapids Iowa. I have been creeping in the background of bigger pockets long enough and wanted to formally introduce myself. I became interested in real estate inve...
Chris Lawrence
Tenant Rental Process
Hi! Im wondering what everyones process is with renting to new tenants. I currently do a phone interview, application, and showing. It seems to be working well. I did a phone interview with my first applicant and they...
Alex Ramos
I have a down payment but bad credit.
I'm trying to buy my first investment property. I have the down payment but I have the worst credit. Will that affect my chances of getting the loan and if so how can I get around that? Is fixing my credit the only wa...
Sergio Orjuela
Owner Occupied Loan, can I STR the unit?
Hi all,
So I'm planning on purchasing a duplex under a conventional or FHA owner-occupied loan. The loan terms state I have to occupy the property for at least year. I don't see myself living in the unit until 8 mon...
Paul Barbeau
Owner Financing First Apartment Building
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,150,000
Cash invested: $115,000
32 unit apartment complex purchased with 10% down with a combination of ow...
Dean D
Lender wants sworn statement from me?
Just before closing. The buyers lender has asked for a Sworn Statment with a detailed list of all contractors and vendors including contract prices with balances and or paid in full amounts.
They state their intention...
Marcell Z.
Creating a Mortgage Note
Hello BP community and thanks in advance for any advice provided.I'm helping a client purchase a home and they will be receiving 100% of the purchase funds from a family member. We need to create a mortgage note to p...
Monica Corbett
List with a Realtor or FSBO?
My husband has a condo in Kalamazoo, MI that he has been renting out for the past 6 years. The tenant's rent covers the mortgage and HOA payments, but leaves us with negative cash flow anytime we make any improvements...
Ben Leybovich
Interesting Report by Bain & Co.
Came across an interesting capital markets analysis paper by Bain & Co. Some context:According to Wikipedia the total world GDP in 2013 was $75.59 trillionAccording to report, total capital markets in 2010 equale...
Travis Elliott
Question For Rich W...Heeeeey Riiichh
[b]You posted this before
""f you have the ability to build a home and a flexible wife, MOVE often if property is appreciating in your area. Many years ago, you could sell your personal residence ONE time in your lif...