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I met with a local credit union today and they would do a loan 90% of purchase price and rehab costs or 75% of ARV, whichever is lower. I would need skin in of 10%. Interest rate 5.5%-6%. In addition to any purchase, ...
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Hello BP,
I am working on my first deal and have figured a few numbers. I wanted to know if I have accounted for all areas. Is there anything that I'm missing? Also, is there anywhere I can find a standard contract o...
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My W2 shows I make 34k a year. My job has a tip compliance agreement with the IRS that taxes us on $12/hr in tips. I actually make around 33k a year that doesn’t show on my W2. I have the option to report the addition...
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We have handful rental properties and manage them by ourselves. We have filed eviction to local county court numerous times and tenants moved out. However, we have never been able to collect unpaid rents (typical amo...
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I have on average about 130K in equity sitting in each of my properties, some a little more. Many of them are only 2-3 years old to me (as in I've only had them a few years) and much of the equity is from appreciation...
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Hey folks,I'm Bruce Green, me and my wife Sara have decided to use Real Estate investing to supplement our retirement income. I have been in Recreational Vehicle dealership management for 25 plus years and Sara has be...
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Good afternoon Bigger Pockets! My wife and I have 3 SFH and I am still a W2 worker. I help my wife with our Real Estate when I am not working. The area we are in has appreciated enormously. We have one property that ...
FIRST-TIME INVESTORREI Pros,I am looking to refinance my home and pull money out to pay off a property I own in Oklahoma to pull a loan against it and purchase a self-storage complex. Ultimately I want to hold the ren...
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Good Morning BP! Brand new to the Real Estate game and I'm curious of everyone's thoughts about getting into the Fix-and-Flip game at this point in the Real Estate cycle. Would it be better to get in now and get my ...
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Hi Everyone!
I’m currently looking to purchase a single family property (2-3 beds/1-2 baths) in Philadelphia, PA. I intend to live in the property for a year and then convert it into a cash flowing rental. I'm still ...