Here's a hypothetical scenario... :-)I am not experienced enough nor numbers smart enough to figure this out with confidence but I am devising a plan and would be very grateful for input from some of you who are so br...
Hi BP members,I'm a newbie in BP and also new to REI and looking for some advise from the pros here in BP.Long story short, I came across this property (3bed 2bath 2300sqft house with pool on a 7k sqft lot) for sale i...
Hi BPI'm new to the forum, but definitely plan on being around for quite a while! I love it!I'm looking to form a REI LLC with my mom (she and I are in Chicago) and brother (works full time in California). My mothe...
Current situation: Family of 4, single income, military 45k salary. I have little extra to put toward a house after putting away from savings and daily life. Bought first home in the last 2 years so not a lot of equit...
If you’re a borrower looking for financing options for your investment property, your only options are to reach out to conventional institutions (banks), mortgage companies, and direct private money lenders.
However...
At my local REIA meeting, there was a sentiment from the more veteran players (particularly the mortgage brokers) that Fannie MAE/MAC will change mortgage allowance from 4 to 8 soon to help relief the number of forecl...
I have an interested lessee to do a lease with option to buy agreement. We ran a background check with a tenant screening website on both the husband and wife. The both have credit scores between 520 and 550. Their in...
Hello Bigger Pockets Supporters,
I'm in some need of financial advice. I'll attempt to be brief since there's a lot of info to provide. I recently received a loan (30 year, 3.5% for $235k cash out refi tied to a prop...
Hello,I'm currently in the process of trying to add a rehab property to my portfolio and use the BRRRR method on it. I have a HELOC on my primary residence that I plan to use as the 25% downpayment, then finance the r...
We downsized from a mortgage-free $600K home in a pricey market to a $100K home in Las Vegas, and have the excess available for investing. These two homes are the only ones we have ever owned. I'm not comfortable with...