Jelani Fearon
Short on money for FHA Downpayment
Peace to the forum. So my partner and I recently got pre-approved for 224k from a direct lender and he suggested that we get an FHA and put around 7k down on a property. The problem is we’re short on the money. I aske...
Ken Rishel
Courts are Speaking on using MLOs and others as "Fronts"
Here on Bigger Pockets it is very popular to suggest that one can make loans through MLOs and avoid any responsibility for licensure and compliance. I have held that since January of 2014 that that is likely a very da...
Mckinley Baggett
Cash out refinance options
I am currently rehabbing an REO property that I paid cash for. Once it is finished, I am going to keep it as a rental property. Obviously I want to get my money back out of the property so that I can invest it in more...
Daniel Miller
This one will be a bit of a challenge
Okay, I've gotten an application from another family. I don't have their financials yet (for some reason, though she emailed to application to me, she snail-mailed the other docs!?!?). I also haven't run credit chec...
Dan Shelhamer
Fundrise Vs. Investing In Syndications Directly
Looking at getting into syndications as a passive investor. Does anyone have any experience with Fundrise or any other crowd funding sites? Was interested to see the pro's & con's of investing directly with a sy...
Thomas D.
New member from NJ looking to break into multifamily
Hello BiggerPockets! My name is Tom DiMeo and I'm a 23 year old aspiring investor from New Jersey. I'm fresh out of school and working in finance/risk management. I have a solid understanding of investing in a broad s...
Ray Lim
Taking a look at multi-family homes
I found this market flyer for this property
It is a 8-unit multi-family property being sold at $800,000.
The market flyer seems to do the basic number crunching already. It calculated a CAP of 6%. It also already c...
Sam Leon
How "IRON CLAD" is a REO "offer sheet"?
Looking at a REO property and normally I am used to having to write up a FARBAR AS-IS contract plus a bunch of bank addendums that basically nullify 90% of what's said in the FARBAR contract.
But this time th...
Boe Dillard
Question about cost per square foot for building a custom home
I've never had a house built from scratch before. I have found a ton of articles with wildly different cost per square foot to build a home but zero detail on what the covers. I'm looking to build a home in Tennes...
Sean Cabrera
New Member, New to Real Estate, What Do I Do First?
Hi All,I want to take a second to introduce myself and ask a few questions. What key actions do you recommend a total newbie in real estate to start with? What people should I reach out to first? Where do you find...