Ezekiel Stroupe
Second property bought!
I just completed my second deal a little over a week ago. What a process that began in February. Due to COVID and a bad loan officer it took over six mo the to close on this property. The property is a mixed use build...
Shalini S.
Best places to invest in SoCal/Orange County
We’re looking to buy our first property in Southern California. We rent a 2BR in Irvine, CA but would like to buy a multi-family property and live there for 2-3 years. Two questions: 1) What are good places to buy mul...
Manzell Blakeley
How much lead time is appropriate before getting started?
I'll be leaving my job in January and I've decided to get involved in real estate investing subsequent to that. Long story short, I'm looking to buy a BRRRR-able 4-plex and live in one of the units. While I'm eager to...
Ryan Gartley
Seller offered to be the bank
8 unit multi family Asking price $675,000 for over two years. Way over priced for this area. Went off market. Contacted seller and put offer in at $460,000. Seller asked if I would up my offer or seller finance at tha...
Jonah Walker
Land Contract vs Traditional loan
I have a friend that is selling his rental property for $180,000. He was making $1,500 a month. He is offering to do a land contract with me, so basically owner financing, correct? Anyways. He was talking about a 30k ...
Jose Sandoval
First property rented. Now what?
I just signed a one year lease on my first rental property. Should I save the income for future expenses aka reserves or reinvest?
Navid Saless
Rental income on debt to income ratio
Hey everyone, I’ve got a few questions about how rental income is handled on my debt to income ratio. If I buy my first property and rent it out, let’s say for $2,400 per month and my monthly mortgage, tax, insurance,...
Dmitry Sorkin
Inherited IRA to Self Directed IRA with sweat equity?
Hi,This is my first post on Bigger Pockets. I have an Inherited IRA from my father I've been sitting on for about 3 years. I took a 5 year option because the investment company wouldn't let me do a stretch IRA back in...
Eric Lilly
Help! How to provide proof of income for the current year?
Hey Everyone,
I unexpectedly found myself diving into (what seems to be) a really solid deal, much sooner than I had expected. I'm worried that I have no chance of being approved for a loan considering my current sit...
Ralph Hogan
Convert Primary Residence To Rental - Appreciation
I live in New Jersey. I currently own a home that I have lived in for 10 years and has appreciated by about $95K. I recently started a new job about 50 miles away, so I am considering renting out my home and renting ...