Hi BP, excited to say I made my first offer as an educated real estate investor today on a Freddie Mac REO property. I emphasize the "educated" part b/c I made an offer on an investment property 14 months ago...and t...
We currently have a pick-a-payment ARM. We're not behind in the payments, but are paying the minimum pymt, resulting in about $1k/mo being tacked onto our outstanding loan amount each month in deferred interest.
Our ...
I have just started the negotiating of a short sale. The purpose of this post is to hear from the experts the likelihood of success for this deal. My headline may look a touch confrontational, but it's not at all. I j...
So I just ran the numbers on a potential rehab property. Purchase = $310,000. Rehab = $80,000. ARV = $499,000.My profits before realtors commissions = $71,585. After deducting $29,940 of commissions, profits = $41,645...
So I get a text today telling me that "Yesterday afternoon the CO² alarm went off and the furnace stopped putting out heat".
I let her know that she should have notified me immediately and called the fire d...
How do you discourage tag-along boyfriend occupants?I almost rented a place out to a young woman but it ultimately did not work out.However as it fell through I recognized that she had fully intended for a boyfriend t...
Hello all!
Currently looking at my financing options as i currently do not have a W-2 job (self employed) so a conventional loan is out of the question.
Through an agent i know, i discovered the DSCR loan which doe...
Hi,I purchased a house recently and my property manager did make-ready repairs in it. Nothing serious (not a fully-fledged rehab). There are a couple of issues with it, though, and I want to understand how you would r...
I'm looking to start a direct mail campaign shortly, and have got pretty solid results in the past using the standard "I WANT TO BUY YOUR HOUSE AT XXXX"To wholesale properties, but it was tough to convert them into li...
Does the upper left corner of the site look a little different? Actually, the WHOLE top looks different. Welcome to the NEW look of BiggerPockets. We have a NEW logo, a NEW navigation bar, and a NEW Footer. We've clea...