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re: Interest Only Loans
I recently attended a "Financial Planning" class at my job. Someone asked about the "Interest Only Loans". The instructor said "NO, NO NO". I was wondering why. He didn't get into it he just said it's only good if you...
Dave Shellenberger
Buying HUD home as investor before 10 day wait
It seems like I am losing houses because of investors lying to HUD and bidding as a owner occ. before the 10 day grace period is actually open to investors.
I know this happened recently because I spoke with ...
Bill Gulley
ATTORNEYS, DO YOU NEED ONE? 1/6/14
Hopefully, our BP member attorneys will chime in!
First thing to understand in RE is that all real estate is local, that's a saying in this business and it means that what you do, how things are done, what is...
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looking inside home before auction
How can I go inside and see a home that is going up for foreclosure before the actual auction? I hate biding on something that you haven t seen the inside of. I am thinking about knocking on the door and in a nice way...
Paul Scothern
Atlanta rental properties
Hi,
Here in the UK some realty agents are marketing Atlanta properties which they say give 12-14% of the property value back each year in rent. Normally here in the UK we get 5-6%, so this is of interest.
However, s...
Devon Kennard
Introduction to BiggerPockets
Hey guys my name is Devon Kennard I’m in the NFL and have been a real estate investor as well for the last 5 years. I’ve been listening to the Bigger Pockets podcast for over a year now and finally decided to join and...
Dan Handford
Every Broker Wants To Know The Answer To This One Question
I made a post yesterday about how we (including @Brandon Abbott) spoke with 7 brokers in one afternoon in Charlotte, NC. These brokers were all in the 100+ multifamily investment space and I found it interesting that ...
Matthew Horstmyer
Using VA Loan 2nd Time
Rundown: I own two homes. One is my primary residence purchased using the VA loan in 2019. The second home is my first rental using a conventional loan for an investment property. I’m separating from service next sum...
Matt Parker
New OR house hacker questions
Hey BP family,I found a duplex off market that I intend to house hack with my VA loan. The seller is an older guy and wants to retire from real estate. He’s had the same tenants in place for almost a decade and their ...
Nicholas Mann
How to make a low offer with out insulting seller?
Hello everyone,So I am currently looking at a house that is a 2 family listed around $600k. I have ran comps and my investing metrics and the property seems like a decent investment if I can get it around 520k I’m con...