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I am looking into real estate as I have read many books that point out 7 out of 10 millionaires have made their money in REI. Ill give some back ground info that will probably help answer my Qs. I am 20, im in college...
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Hey everyone,I'm in a weird situation. I lucked into one of the cheapest condos you can buy in Laguna Beach, CA. After three years, it's gone up almost 250k. I love my place, location is amazing, and I'd like to keep ...
My wife and I have been looking into buying a new construction home with the idea of renting it out...paying down the mortgage with the rent and using the rental income or sell the home in 25-30 years as part of our r...
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Hi! Lately I've been educating myself on turnkey rental investments. Long story short, it seems I come across more articles/forums/videos explaining why turnkey should be avoided and all of the downsides (which is imp...
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Investment Info:
Single-family residence other investment in Eastpointe.
Purchase price: $58,000
Cash invested: $20,000
We bought this house from an individual whose father owned it and passed away. ...
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My parents received a notice of default (NOD) on their mortgage several years ago and then filed for bankruptcy which cleared several judgement liens from the house, leaving only the secured mortgage loans. After ban...
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Hi all and Happy Thanksgiving :D
Hope you all having a wonderful Thanksgiving with family.
So I just recently put down 20% toward an investment property and need money for my next project and would like to know "Ho...
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Hi Bigger Pockets,I ran into a problem yesterday with my first investment property that I am trying to purchase and I need some advice.Situation:The underwriter for my conventional loan is denying the loan based on th...
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Thoughts?I am trying to explain that because I’m 25 and make $200k-250k a year (mostly from flips) that using a 30 year mortgage on my 1031s for the 2-3 rentals a year— makes sense?they are insistent that 15 years is ...
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Hi all - figured I'd share a thread recently posted on twitter running some numbers on whether DSCR loans still make financial sense in the current climate of spiking rates. Would love any feedback or thoughts, parti...