Account Closed
I made this deal 5 years ago. How bad did I do?
Hello Biggerpockets, I purchased a single family home 5 years ago for $80K. I financed it on a 30 year fixed rate loan. The rate was 5% and was financed as a owner occupied home. My monthly payment at first was $63...
Gary Miller
Can an investor group I am in wholesale to myself?
Hi all,I need some advice regarding a deal for what would possibly be my primary residence and first deal. First some background. I moved in to rental in NJ 7 months ago and I am in a fairly unique situation where my ...
Zachary Engen
Using heloc for brrr and renovations
Ive read a few things about onlying being able to cash out refinance 75% or the purchase +closing costs, whichever is lower. I plan to purchase a distressed property amd do the renovations with my heloc. Once I'm fini...
Austin Freeman
Short Sale Dealing with Chase Bank
Hello BP,
We are trying to work with Chase Bank on a short sale. The existing mortgage is around $80,000 and we offered $25,000. We sent a preliminary letter of disclosure for potential short sale and are waiting to h...
Casey Johns
Occupancy with VA loan
Hello,We have a multifamily (4 unit) property we purchased with a VA loan. Do you know how long we have to occupy the residence before we can move, with the intent to continue renting out our units?We tend to use the ...
Tyler Ansell
4 Unit-Residential vs. Commercial
I'm trying to purchase a 4 unit property in Tampa, FL. It is listed with a commercial agent, and when I've spoken with them they keep saying commercial, commercial, commercial. The asking price is astronomical and the...
Jon Mason
Our First SFR Purchase and Rehab Deal Diary
My wife and I purchased our first rental property in August of 2018 and have just listed it for rent. We learned a lot of lessons, and learned them the hard way. The numbers below aren't super impressive, but I'm very...
Daniel Dietz
Self Directed Conversions and "Adjusted Valuation" -Is This Real?
(cross posted in SDRIA Forum also)Hello All, We have been investing with both SRIRAs and SOLO 401Ks for quite a few years now and are looking to do more, and have a few potential deals in the pipeline. I have read up ...
Tony Laud
Need "outside the box" advice. High debit own home already. BRRR?
First and foremost, I am an idiot. =) .. now that we got that out of the way.. I guess because I do not want to hear the pay down your debt, get rid of debt, get your mind out the gutter talk. A little about my situat...
Trey Antwine
Newbie joining established investment team...help
I have been approached by 2 people, whom I know very well, about partnering in their local rental real estate business. They have grown this over the past 15 years and have approximately 50 houses (single family 3/2 p...