Account Closed
Saturated DC Market for Wholesaling?
Hi everyone,I recently went to a meet up where a few people were highly discouraging wholesaling in the Washington DC area. I’m a newbie, but am confident in my abilities to succeed. They mentioned that the scene is r...
Marquis W.
Could have all three rentals paid off in 3yrs should I?
I am a firefighter and started a second full-time job with purpose of increasing income so that I can buy more property, reduce current toxic debt(any debt that doesn't pay for itself) and paying off the 3 rentals tha...
Account Closed
Using my VA Loan to its full advantage
Hello I currently in the military and so is my wife we are eager to use our VA Loan and invest in a multi family home. One of my questions that I have is I'm aware that if I was just to use my VA Loan a 4 unit is the ...
Greg Gallucci
Creative Financing
I have the opportunity to purchase a 100 unit apartment complex. The owner had recently taken out a CMBS loan that offers no ability to prepay without a significant penalty. We would need to assume the loan at a relat...
Frank L.
Property Management made $1850 Mistake
The property management company I hired for my rental has had very poor communication from the beginning. A year later, my tenants exited the lease and left the garbage laying throughout the entire property. The prope...
Jason A.
Applying for business credit
Hi Folks,
I am getting all my ducks lined up for starting my first flip. I have about 30k saved for my first project and I plan to utilize a hard money lender for purchasing the home. I don't feel 30k may potentially...
Wes Franco
First Time Investor/Owner in Ultra-Expensive Market
Hello! I joined BiggerPockets today and look forward to networking and finding my way to time, location and financial freedom! I HAVE NEVER OWNED A HOME. Primary or rental.
Here is my current situation:
I'm 27 years...
Derek Schetselaar
What would you do? Invest or Save
Hey BP,
I'm curious on what advice you would have for a friend of mine.
What would you do in his shoes? Either RE focused or Stocks
Assumptions:
1) $50k in an indexed fund for Savings/Safety/Retirement
2) $...
Austin Works
Budgeting RE Like A Business
When treating REI (rental properties specifically) as a business, do you take all of the net cash flow as owner draws or do you treat this like a regular business and take say 30% of net profit as owner draws?
Marissa Nestor
Can't get an owner occupied loan
Hello, Bigger Pockets!
This is my first post, and I am in the process of finding a lender for my first home purchase. Originally, I was looking for a "house-hacking" situation with either a small home + attached li...