George Hernandez
HELOC denied because of low LTV
Good morning Biggerpockets fam!!!
So I need some advise and I’ll try to keep it short and simple. I tried to get a HELOC on my rental property, but the bank denied me for a low loan-to-value on the property. Here’s m...
Francisco Milan
How did you get crushed in 2008 due to overleverage ?
HelloI have heard this over and over again from previous investors that lost it all in 2008 and I am starting to hear it right now again. How do these individuats loose everything due to being overleveraged?
Chris Seveney
US Debt Data From Kobeissi - Scary
So I saw the data below and am wondering, are americans fighting inflation with debt? Have incomes kept up with inflation? What will happen when the credit card companies and banks tighten their lending standards?Do y...
Sean Dougherty
Probate/shortsale/foreclosure...all at one time!!!
Interesting situation: I have an offer in on a probate property. Property is in foreclosure. No equity in home and a special administrator has been assigned by court as the PR. Thus this deal would be a short sale. Ad...
Tonya Manning
Low-Income and Section 8 housing
Hello Everyone!I am fairly new to real estate investing and have yet to make my first deal. I have spent the past couple of years educating myself, learning some expensive lessons (gurus...), and getting my financial ...
Jeff S.
Section 8 charge what they will pay?
Haven't done a sec 8 for many years and now have an applicant. I just lowered my asking rent. If it is below what sec 8 pays can I ask for the higher amount? After all it is worth more with all the hassles. Would p...
Kathia Molina
Buying our first investment property
Hello,My husband and I are in the process of buying our first investment property. We have a HELOC and cashing out a 401(k) for the down payment. Both our tax accountant and financial planner are against the cash out ...
Isaac Hebron
How I went from 4 to 19 units in 365 days!
365 days ago I had four units. I primarily stick with 3 bd 1 ba units. Average rent is $800 per unit. Then I found a quadplex and ran the numbers. Presented the numbers to a potential investor. I utilized the strategi...
Moncy Samuel
Heloc vs conventional mortgage for duplex
Hello BP
Need some advice on the financing side of duplex property that I am ready to close before end of the year.
I reached out to my lender for a conventional mortgage for the amount of $61k (purchase - 25%) and ...
Randy Rettinger
Albuquerque New Investor Partnering Advice
Good Saturday to you all! I am located in Albuquerque, New Mexico and fairly new to investing. I think I have the process down to a 6th grade science (or experiment at least...). I want to jump in with both feet bu...