Summer Cherry
Is a refi worth $250 savings on the pmt for a cost of $5921?
So my current mortgage is a FHA loan at 4.375% with a $2600 pmt and I have 28.5 years left with a $340,276 balance. Values in my area have gone up more than 5%. My house is a 3-unit MFH and comps are hard to find beca...
Linus Cui
Share my first year REI journey with biggerpockets
It has been a long long year for everybody, and I could not even remember how I came to know biggerpockets, the best forum for REI in the world, and exactly which day I made my decision to take REI as a serious thing ...
John Hewitt
What are the challenges of being an investor in a recession?
This may seem like a noobie question, but I’m looking for some in depth answers. I’m wondering how a recession affects various aspects of commercial real estate, specifically multifamily properties. I understand inves...
Michael A.
Are FHA loan offers still competitive in this market?
I’ve been reading as much as I can on BP and one thing that is highly recommended is the use of an FHA loan to purchase a multi unit property to house hack. When I bought my first home I opted to use the VA loan since...
Paula Mason
1st Home Owner Occupied Duplex--What next?
Hi everyone! I'd love to hear any advice from more experienced folks regarding my family's current real estate situation. My husband and I bought a duplex in 2017 for $205,000 in Milwaukee, and have about $164,000 lef...
Michael Barry
Newbie from League City, TX
Hi all, newbie from League City, TX near Houston. I figured I would use this format to introduce myself and my aspirations in REI.Current Investments: No directly-owned investment RE yet (primary residence owned, but...
Steven Bennett
Underwriting: owner occupied loan by child providing for a parent
Hi folks,I have a question regarding Fannie Mae's owner occupied financing option for "Children wanting to provide housing for parents":https://www.fanniemae.com/content/guide/selling/b2...What information about my pa...
Jordan L.
How do you finance your deals?
Hi all, I'm a relatively new investor looking to expand my portfolio exponentially. I'm 30 years old and I own 3 SFRs, one of which is my primary residence and two of which are rentals. I bought my primary residen...
Tom Adams
Using Equity to build rental portfolio?
Hi, I have a beachhouse that has approx 750k of equity and am looking at doing 1 or multiple things. At the very least, I will be using this property as a short/medium term rental. Also, I was wondering how/is it a go...
Mitch Davidson
Compared to STR, MTR isn't a huge, expanding market
I purchased a new primary residence in Asheville, NC in 2018, and the property included a 1-bedroom cottage. The cottage was an STR, in defiance of Asheville’s rules, and I immediately converted it to an MTR (i.e., fu...