Hey, BP peeps.So for practice, I've been attempting to analyzing one deal per day. I'm still a few months away financially from pulling the trigger.It's been three days, and three deals analyzed. So far so good, right...
I'm having quite the learning experience on my first "deal". Purchased an old SFH REO for rehab and flip. I used a portfolio lender that provided a "construction" loan with interest-only during the rehab which has now...
Hi everyone,
My name is Dylan Hall, and I recently joined Bigger Pockets. I hail from Chicago, IL and am interested in finding new ways to finance housing in the United States. I recently graduated from the Univers...
Hi All, got the Clear to Close on my first multi! So, question about the appraisal, I bought the property for $170k and the comp appraisal came back at $174k but the income approach came to $184k and that's before I ...
Hi Everyone. I'm a somewhat of a newbie (own 2 SFR in Northern CA) looking to invest in my local market. My question is: Does the 2% rule apply in expensive markets (such as Northern California). It seems to me that t...
Hello BP Readers,
I have been involved in the RE field now for 2.5 years. After purchasing 10+ out of state properties with all cash in the $50-100K range, i ran out of funds. I then obtained $500K LOC (Line of Credi...
Hi,I own a condo that I’d like to rent out. I’d like to buy a 2nd property and use that as my primary residence and then rent out my condo. When I apply with a bank to get qualified for the 2nd property I know I’ll ne...
Man, today has been frustrating. I'm supposed to close on the purchase of a duplex in Aurora, Colorado this Friday, but my lender dropped a bombshell on me today. I'm fully approved, but they are saying the red tape t...