Kori Caldwell
PMI versus Income Property
My husband and I need advice. We are interested in becoming landlords. We purchased our first home in Dec 2012 with an amazing interest rate and 3% down. Our plan was to stay in the home for a few years and then rent ...
Antoine Armstrong
real estate investing/wholesaling
Hello,I'm currently working a part time job but want to become a real estate investor. What's a good way to get started for a person with no experience? Also, how would I go about getting started with wholesaling?
Michael Moreno
Closed on my First Property at 23-Years-Old - Seeking Advice
Hi everyone! My name is Michael and I am seeking advice on how to go about my first purchase.I bought my first property as a primary residence for $258,990 with an FHA loan at a 4.875% interest rate. It's a one-story ...
Marcele Johnson
Washer and dryer with coin slots or not
Hey I am trying to see if I should buy a washer and dryer with coin slots and charge my tenant or not or just don’t buy a washer and dryer at all but I will be occupying the downstairs apartment myself and kinda don’t...
Armand P.
HELOC
Hi-I want to get some thoughts on the pro/cons of a HELOC. I have a general understanding of how it works, but would it be a good idea to use a portion of it towards a down-payment or pay the house the house + rehab i...
Mindy Jensen
Set For Life! - Podcast Episode 223 with Scott Trench
Our very own Scott Trench has written an amazing book called Set For Life: Dominate Life, Money and the American Dream . On this episode of The BiggerPockets Podcast, he talks about his book, how to get ahead in life,...
Daniel J Jackson
Pets for more rent or no pets for less?
Hello all:I just finished rehabbing one side of a duplex and have two great tenant candidates.OPTION A: Will pay $1,250 and has no pets. 2 adults and 2 young kids. Great all around.OPTION B: Will pay $1,250 + $75/mo...
Dennis O'Banion
Is break even or less on rental ever ok?
Looking toward retirement which I would like to begin in 10-12 years, I am two years into my first rental in Denton TX which is returning around 11.5 ROI% and $360 per month cash flow after expenses on a 30 year note....
Tom Harvey
Financing - Unconventional?
Here's my situation. I'm seeking a mortgage on a duplex. I'm self employed. I have a seasonal lawn care business. My plan is to actually get a job in the restaurant business (for the winter and temper hours during the...
Scott Weaner
Should I Pay Points for a Better Rate
We are about to buy or first investment property. I can get a mortgage rate of either 4.375% with 0 points, or 4.125% with 1 point. My calculations show me a break even time of about 5 years. We have plans to keep the...