Brandon V.
Self Directed IRA from a relative
Hi BP,I have a relative who has a lot of money in a ROTH IRA currently but they would like to help me out to fund another rental property. Would using the ROTH IRA from this relative be an option if they were to conv...
Lavall Brown
How to payback friends and family after the deal is done?
Hello BP,I am a novice investor with three duplexes in St. Louis, MO. I acquired my properties by house hacking FHA loans. Now that I am no longer single the option to house hack is no more and I would like to scale m...
Farzan Setayesh
What would you do if you have a $1ml cash and close to retirement
What would you do in this market with $1 ml cash? We are at the top of the cycle and every asset seems a bubble close to bust? Sit tight and wait for another down turn, or find off market deals and flip? Living in Chi...
Shawn Mcenteer
Removing PMI
Does anyone have any helpful tips for removing or reducing PMI on an existing mortgage? The house I currently live in has a monthly mortgage payment of $1950, $300 of which is PMI. My wife and I have lived here fo...
Dina Joseph
Investing as 1099 employee
Question: How can I invest as a NEW 1099 employee (Ex. independent insurance agent commission only)? My last two years of taxes are from a different W2 job. How can I prove to the bank I can afford a property? I would...
Byron Paille
Have package deal for 5 home, need financing
I have an opportunity to buy 5 homes as a package deal. Agreed to 365k on a 440k price. 2 with renters, 1 ready to rent 2 needs final finishing to rent. How do I get this financed. I do not want to do 5 closing on 5 h...
Don Konipol
Another Jimmy Napier High Yield Note Creation Technique
I’ve used this one a few times, but not as often as I probably could have. It works best nowadays with commercial property that has assumable mortgages. It goes something like this.
You find a commercial property f...
Kelton Johnson
Financing a $60k Property...literally the WORST!
I'm not sure if anyone of you high rollers have run into this problem, but getting a mortgage on a $60k rental property is brutal! Investment properties usually require AT LEAST 20% down so that makes my loan $48k, a...
Andri Grullon
What would you do if you had an open Heloc
Hello BiggerPockets members. I hope everyone is staying healthy physically, mentally, and financially.
My question is the following: If you have a Home Equity Line of Credit(HELOC) would you consider transferring the...
Michael J Ralph
How to become a Property Manager
I did a quick research on how to become a Property Manager. I found some saying you need to be an agent or broker while others offered education classes. I am a little confused on how to actually become one. I am inte...