Meera Lakhavani
Expected downpayment for multiunit investor mortgage?
Hi BP family!I am trying to buy a duplex in the southside of Chicago (Woodlawn). I always thought an investor mortgage was 20% down, but the lender from Perl mortgage said it is 25% down for a multiunit.Does anyone ha...
Drew Moyer
Money upfront to begin
Hey, just curious to how much cash money you had or would recommend having before jumping into REI
Muhammad Wahla
Austin vs. Dallas/Fort Worth
I am planning to buy two rental properties as my first investment on conventional loan. I am looking for the price range in between $150K-$200K for individual property. I am confused between Austin and Dallas. I live ...
Lucas Hallenbeck
Want to hear the #'s on your new construction apartments!
hey BP members, looking to gather some stories and #'s on new construction rental apartments whether single or multi family. I'm wanting to get into smaller(800-1000) sq/ft single family rentals, hoping with low cap-x...
Tucker Helmus
Reciprocal license- required to "hang" for access to MLS?
Just a quick little background on my situation. I recently moved to Massachusetts from Colorado, where I was licensed as an associate broker (essentially the same as a real estate salesperson in MA) and I am in the pr...
Eric Doe
Buying Multi-Units and Investment Property in Hawaii
Good Afternoon! I am hoping someone can help me answer a few questions or offer some experience with properties in Hawaii. We are seeking a multi-unit, potentially to owner-occupy with an available VA loan, but may...
Darrin Carey
2% rule --- Not even close at the high end
Being BiggerPockets, we've all heard about the 2% rule. And we've seen several animated discussions about the rule driving people to lower income areas, and cheaper houses. Take a look at the other end of the spectrum...
Heather Dickison
Raising Rents Monthly?
Hello,I recently acquired a 6 unit property with existing tenants and under market rents. One tenant already asked if he can break his lease and move early (woohoo!). Most of the others are on month to month leases. W...
Carlan Rader
what to do with land contract.
I'm getting ready to sign a seller financing contract. this is my first ever seller financing deal and I have alot of questions. 1: do I sign under my personal name or under an llc.2: if seller finances to me perso...
Dylan Baxter
Determining eligibility for a Partial Exclusion of Gain
My wife and I have lived in our current home since 12/15/2020. I bought the house before we were married, but she has lived with me since day one, which is documented on the insurance policy. She is a physical therapi...