JW Shields
Using my equity to purchase deals
I have a property that was my home and changed to a rental when I was traveling for work. I bought it as a foreclosure so I feel like I got a good deal. I have around 100K equity in the property. I want to know what...
Andrew Croley
Negotiating Rent Increases & is +$100 on $900-$1K units too much?
This was the general question someone else posted (@Connie Tang), but since I ended up writing a novel with some Negotiation Points, I wanted to start a new thread.
Here it is:
Don't be afraid to approach the subje...
Steven Frey
Extra money - focus on 1 of 5 mortgages or a little for each.
I have a few properties and positive cash flow. I was trying to decide if I should try to 1) focus on paying off one mortgage or 2) spread a little to each loan. I have a long term perspective on them all. I have a ...
Dave Aheimer
How can I tell if the DSCR is a good rate?
I was recently offered 6.75% (5,5,5,5,5) and 7.25%(5,4,3,2,1) for 75%LTV with a 1PT close on a 700K property I own outright --- Is this a good deal?
William Coet
What are the Best Current Rates/Lenders for 6+unit Multifamily?
Hello,Trying to get an idea of the best sources (lenders) for lowest origination fees and lowest APR for fixed rate loans on 6+ unit multifamily.Thanks!
Josie Kelley
Primary Residence to Mid Term/Short Term Rental Renovations
Hello all,I needed to talk this through with some seasoned individuals so I'm hoping I can get some ideas/guidance. I'm currently house hunting and in the process of lining up financing for a future house hack. I inte...
Melanie King
Loan type question
Hello, I’m looking to buy a STR property with a loan and I’m wondering about advice for the type of loan. I’ve been given quotes for everything from 5 year ARMs, 5 year ARM IO, to 7 to 10 years of both of those on up ...
Michael L.
Note investing vs. Long Term Buy-and-Hold; which is better for building long term wealth?
I have been trying to think through this mental exercise a fair bit lately. My interest was rekindled when I read another BP's post earlier today on evaluating your investments, and asking yourself whether you have an...
Leona King
Client with 580 fico score needs to buy home
Hello everyone,My client is trying to buy a house in Texas and has a good job with a fico score of 585. What bank or mortgage company can finance her for a home, she would not qualify as a first time buyer and a hard ...
Fabricio Laboriel
How to set the terms for a Seller Financing deal?
Hello Bigger Pockets family! So I want to get started into buying rental properties and would like to know if any of you guys have purchased a unit or more through seller financing? If so, how do you structure it? Do ...