I understand that doing bi-weekly simply means you are doing 13 mortgage payments a year as opposed to 12. So you get one payment each year that goes straight to principal. I've read other threads on the topic and it ...
I am just starting to work on a deal for a 5-plex where the owner is offering financing at 6% APR. I am more familiar with APR with respect to credit cards and not so much with personal loans, so I wanted to reach ou...
Just recently I had a notice from our insurance carrier underwriting that they were canceling or insurance for our rental properties. They apparently have strict rules about what the owner company can be involved wit...
Please help point
out where my math and concepts are incorrect:
Primary residence
considered for converting to rental. <5 miles from beach in
Southern CA. Great schools. <4 comp properties for rent in 4
...
Hello to the bigger pockets community. I am in the process of buying a condo in the Coral Springs, FL area. I spent time looking for the condo got pre-approved by my lender. At last minute my lender informed me that ...
In everyone else’s opinion when would selling outweigh the rental opportunity on a property.
Location- Scottsdale Arizona
Monthly expenses- $2,200
Long term/short term rental comps $4,500-5000+
Equity- $350,000Wou...
Do you think is wise to use an FHA Loan to buy a Single Family residence, live in it for 1 year, and then rent it afterward if it meats the 1% rule (or greater)?
Morning all,
Have a question about lease optioning. I was approached by owner about managing a property for her. I am anticipating asking her for an option to purchase. House is slightly underwater. Prices are going u...
Hello, I am thinking about starting my first RE syndication. I plan on raising money from at least two dozen family and friends spread out all over the U.S. I was considering the 506(b) to do this. (Sky notice filing ...
hello all,Being proactive, I am wondering about what we actually need when creating LLC to hold properties. Whenever I go on many LLC forming website, they offer many things like operating agreement, seals, etc.Questi...