Exo Dallas
2% Rule or (Rent x 50)
I understand this rule and why I must use it. BUT, is there any other criteria that should be consider? Do I ever go down to 1.75% or say (rent x 55) for example? OR is this the 2% the minimal I should ever use.
A...
Shawn Lewis
Buying cash in Baltimore
Thinking about buying this property in cash in Baltimore for around 35k. I know I would need a good title company but what are some other things I would did to do? I heard I should check for lead paint as well...
Thi...
Trevor Tso
Need advice renting to retired parents
I bought a second home as primary residence and would like to move my parents there (so they can help out for my child care and I can help them with $, they are little tight).
How can I get the most tax benef...
Geo Tan
Process Of Placing An Offer
Hello Bigger Pockets family,So I found a two properties that really look good and will be moving forward with them in the next week or so.I was curious to what I should have prepared on my end in terms of documents su...
Elizabeth Justice
BRRRR vs fix & flip strategies
My husband and I are in the option period of our first deal. The house needs a lot of work, but nothing major came back on the inspection that we weren't aware of. So after several offers it looks like we may finall...
Jack Middleton
Trying to get my first commercial deal.
Working on my first deal and got a roadblock before offer was written.The unit is an 8 plex owned by a woman with nothing owed on it. This has been for sale for a little over a year.Asking $199,900I asked the broker ...
Eric Davenport
Conventional loan BRRRR Financing
Hello All,
When learning about the BRRRR strategy, I have only heard of people buying and rehabbing with cash. Is it possible to first buy with a conventional loan and then refinance after a seasoning period?
I coul...
Bryan Hancock
Where Are The Capital Accumulation Threads/Discussions?
Last week I attended the CCIM 101 training offered in Austin. The course was really much better than I expected for it to be and it brought back memories of grad school and discussions of capital accumulation. It ha...
Ben M.
Are plumbing issues common in 40 year old homes
I am looking at a house built in 1980. There seemed to have been quite a bit of plumbing issues:1) Piping under the bathroom sink of 3 bathrooms had a leak and pipe replaced2) Leaks in the walls behind tub faucets due...
Brandon Hicks
Anyone ever manage/test drive apartments with the intent of buying them
I met with the sellers of a small apartment complex in the 10-20 unit range this morning. The NOI for 2012 was $10k below what their loan payments were for the year. I feel like I could negotiate a no-money down la...