Philipp Grajewski
Financial Reserves When Starting Out in Real Estate
Hi there,My wife and I are new to the site. We are in awe of all the information and resources that are available through this community. A big thank you to all the members and contributors to this awesome site.We hav...
Toly Gins
Need Help Evaluating Deal
Hi,
I'm newbie investor looking to get my first deal and I need some help evaluating a property. I am a long time reader of the site, so I'm aware of the 50% rule. However, I haven't found much on evaluating townhous...
Matt Slease
Insurance for rental property
About to close on my first rental property (SFH)! Do I need any special insurance other than homeowner's insurance to cover my rental? Should I look into a separate umbrella policy to protect myself as it will not b...
James J Strnad
Anyone doing rentals in Rockford, DeKalb IL or Beloit, WI
I am hoping to hear from people that have been renting properties in Rockford Illinois, DeKalb Illinois and/or Beloit Wisconsin. I plan to buy a 2-4 unit building by the end of the year possibly 2 buildings by then. I...
Ryan Coovert
Lumber Price Dropping?
According to this Wall Street Journal article, lumber prices are finally dropping. Is this the beginning of a crash or are we going back to ”normal”? I would like to here your opinions. https://www.wsj.com/articles/lu...
Jim Macedon
How Much Debt is Too Much... Or Not Enough?
I'm pondering my next move. I just took on a lot of debt. On the other hand, I have some equity I could access. Not sure whether to:A. Reduce debt.B. Stand pat on debt and wait to build up another down payment.C. A...
Joshua Watts
Home run with Self Storage Facility purchase!
Investment Info:
Other buy & hold investment.
Purchase price: $3,000,000
Cash invested: $34,000
Bought 300 unit self storage facility for 3 million. Down payment was $34,000 and equity from anoth...
Syl Rey
Conventional loan on a duplex that needs new roof is needed
Hi everyone, I currently have an offer accepted on a duplex. After a home inspection, I found that one of the roofs needs to be repaired in the next year or so. I’m told the bank won’t finance if the roof needs to be...
Scott Vaeth
Figuring out my investment strategy...
Hi All! I've been learning a lot through bigger pockets over the few years and finally decided I needed to get on board and diversify more investments. Initially, my goal was to BRRRR a property in the Greenville Coun...
Patrick Godfrey
Will Adding ADU’s in Los Angeles Turn my Triplex into Commercial?
Hey Y’all! I just closed on my first househack deal! It’s a triplex in LA. I’ve got a 600 sqft garage that I may expand to make 2 studio ADUs. My concern is that doing so will result in a breach of my loan with the ba...