So here is the situation everyone...My wife and I bought a condo back when the market was sky high at 439,000. It went as low as 300,000. It's now around 410,000 and we owe 415,000. Our monthly mortgage is about 19...
My partner and I closed on our first 3 rental properties between March 15th and April 27th. All 3 properties were purchased with cash and placed in our LLC. We have not been able to find a lender that will cash out re...
Hi everyone,I am narrowing down my ways that I wanted to get started in real estate investing. I started thinking about a week ago that a potentially good way to get going is by finding great deals and and selling the...
I’m in a market where I can buy a fixer for $85k or so but needs anywhere from $35k-$50k in rehab. Basically I’m all in for $60k...$60k = $450/m cash flow (Mortgage, Taxes, Insurance, PM) * I know there’s maintenance ...
Hello Bigger Pockets! I am trying to close on my first deal and I am running into a few issues, here's my story;I am under contract for a duplex where I plan on house hacking. The agreed selling price is $139k and he ...
Hello All,Background - I own 13 SFH all with conventional mortgages. - Currently, our LTV across all properties is 40%. - No experience with portfolio loans or commercial lending, educational awareness from...
I was in a multi offer situation on my most recent property. My realtor called with a suggestion that may move me ahead of the others — waive the inspection contingency.Spoiler alert: I did and have it under contrac...
Hi all,Has anyone here ran a calculation of your return on equity? To do so, you take the current cash flow and you divide that by equity you have in your RE. So your personal home has little to no ROE. Right? It i...
Hello BiggerPockets Community,
I'm reaching out for some guidance as I embark on my real estate investment journey with a budget of $350K. Here's a breakdown of my current plan and aspirations:
Current Situation:
-...
Hey all!First time post but I have been following BP for quite some time. I'm facing this dilemma of whether or not I should hold on to my million dollar, unrealistically tiny town house. Here's the situation: Situat...