Ellen Morrison
Am I being ripped off with Closing Costs?
Hi guys! My partner and I have been sending out direct mail for the past 3 months and we've finally found a deal (SFH). Comps are at $80k, seller wanted $60k and after negotiations we got the property under contract f...
Michael Ehrmann
First Investment Property
I'm looking for a little guidance. I've been searching high and low for my first investment. I'm looking for a multifamily but what I'm struggling with is targeting a market. I have done a tremendous amount of researc...
Ryan Bird
Tenant screening trends in current market
I heard in a local real estate investing webinar that tenants screening rules needs to be revisited in this market. In short, they were saying that tenants are able to afford buying homes now (with the interest rates ...
Mary Jay
Anybody owns rentals in D neighborhoods?
Hi guys, does anybody own rentals in D/F neighborhoods?If yes, what are the difficulties that you encountered?I personally think that D neighborhoods in small towns are different than properties in D neighborhoods in ...
Masashi Borges-Silva
Help with Negotiating Renting Apartment in NYC
I need your help/inputs!I am shopping for an apartment in Harlem area around 150th and Bradhurst, and I need your opinion in where I can negotiate in terms of monthly rent and commission fee charged by an agent.Below ...
Charlene McNamara
Help-write offs leave high DTI ratio!
Wondering if anyone has words of wisdom for me regarding lowering my DTI ratio for the sake of future financing. I've always worked under the following givens:-I try to leverage as much/best as possible, therefore hav...
Paul Sandhu
Would you house Ukrainian refugees in your STRs?
I figure the government is going to pay to house refugees until they can stand on their own feet. It's probably included in the $350M aid package. So my answer is "yes" if I'm being compensated. I read in the news ...
Jeff Goddard
HELOC as alternative to conventional fixed mtg...
This is a bit long so.... I am wondering if any of the BP members have heard anything about using a HELOC to replace a fixed or traditional mortgage??I recently came across a u tube video of a fellow in Hawaii whose...
Matt McCurdy
Cash Flowing Rental Property Still Exists!!!
I'm constantly reading on BiggerPockets investors saying you need to buy rental property, break even, and hope for appreciation and/or lower rates in the future to cashflow. WRONG!!!
I'm here to tell you I'm still fi...
Drew Morton
Advice on refinancing mortgage
I am looking for some advice on how to proceed with my current situation. Back story:I purchased my first and only investment property in 2017 using a 30 year conventional loan with I believe around a 5% fixed interes...