Jocelyne Sema
Should I wait or should I jump in right now?
Hi BP members,I am a newbie, aspiring investor in RE. Here's my situation:I own my residential house, located in Laval (Quebec), appraised at 350K, and still 50K left of mortgage to pay. With the current reimbursement...
Eka Linwood
Unreasonable Inspection Items?
A little history on the transaction - a Triplex with asking price of $235k, I offered $215k and the seller has countered with $225k. They have been trying to sell since May 2019 and initial price started at $295k. T...
Dan Knight
When does your salary stop becoming the only reason you get loans
Hi all,I am one of those people who is trying to break into real estate investing as a way to leave a day job that I very much dislike. However, I am finding through my talks with some lenders that, since I am still ...
Manny Awasom
Best approach to refinance? 15-yr vs 30-yr fixed mortgage
Hello Biggerpockets members. I am pretty new to real estate investing but have been a Biggerpockets member for ~1.5yrs now. Like most I've read countless forum posts (thanks to all the contributors!), listen to the po...
Account Closed
Duplex deal; flip or rent, or neither?
Hey all,
I didn't expect to be posting in this area quite so quickly but we ran into a particular deal in the area that I couldn't ignore and I wanted to get some input in it before the offer went in. First, the numb...
Sophia Wang
Please share your opinion on this deal.
We are new to Real Estate investment, and just start to learn the market and the analysis process. Interested in one condo, and below is the numbers and info:
- asking price 67k; (just dropped from 72k in May, and has...
Josh Harper
New investor looking for my first deal, current agent
Hey everyone,
I’m a new investor looking for my first deal. I have good income and am an active real estate agent in Idaho. I have roughly 75k liquid and want to know what is the next best step to grow my money?
T...
Zigmunt Smigaj
Good or Bad Owner Financing Apartment Deal?
Hello BP Ninjas,
I'm looking at a 10plex renting for 500 per unit fully occupied (zip 36303 AL). Seller wants 500k with 10% down on owner financing. Term will be 30 year but balloons at 3 years if I dont fi...
Tomekia Lloyd
WHICH STRATEGY? First Family Home, First Investment, or BOTH?
Good Afternoon, Folks.I have a question that is stumping me. I have my resources lined up for an actual rehab project this year. Two of my clients are a house flipping company (helping me with advice) and a remodeli...
Evan Williams
Potential Tenant with Large Inheritance, but no Income
I have an applicant for one of my properties who has no income, but a large amount of money in their name from an inheritance.Everything else being equal, would you consider renting to someone in this situation? If so...