Mila Makhanova
Only 5% down and no PMI, too good too be true?
Hi BP community, Looking to purchase my first property and slightly short on making 20% downpayment. Working with Quicken Loans and they are offering a loan with a slightly higher interest rate (about 0.5%) but only 5...
Account Closed
Minor Maintenance questions
Is it legal/acceptable/best practice to ask the tenant to replace the AC filter every 2 months let's say. The cost for a filter is a few bucks and it's 10 mins of work. Problem is, I don't know the logistics of it. ...
Dexter Wallace
When to purchase 1st Property
Hey BP World,I've recently started my journey down the road of Real Estate Investing, currently educating myself on the basics and the local market. My Question is how long did it take before you felt comfortable to p...
Nick B.
10% economic vacany - is it sustainable in the long term?
Hello BP,I have reviewed many potential apartment deals marketed by different sponsors. While all of them were unique, most of them had one thing in common: they were underwritten for 10% economic vacancy (or less!) s...
Randall Prosise
Liability of SF With a Pool
Hello EveryoneI have recently purchased 2 SF homes in Scottsdale, AZ, and they each have a pool. I have never owned a SF home with a pool. I am wondering about liability as far as the pool is concerned, as I am in t...
Nancy Wang
How hard is it to do a long distance fixer upper?
Hi BP,My turnkey long distance investment in Memphis TN went okay until the tenant stopped paying her rent last August.The PM evicted the tenant last December (several months of non payment). I had to pay $5500 rehab ...
Jerry Villa
Advice on searching for lenders and how credit can be affected
I've heard on biggerpockets podcast hosts suggest you to keep on searching for Credit solutions, even after one bank has declined your application, so i wanted to know how does shopping around affect your credit? Do y...
Justin Allison
Investing While Moving to Another State
My wife and I are planning to move to Orlando, Florida at the end of the year. We currently own a 2-unit multifamily home in Providence, Rhode Island. We want to keep this house as a rental property and buy a new prop...
Traci Cameron
Working for free to gain experience
I tried so hard last summer to begin investing as a flipper. I simply could not compete with cash buyers and my RE agent kept telling me that my renovation expectations were too unrealistic (she was thinking it would ...
Padric Lynch
Mobile Home Park Preliminary Analysis - Newport, NC
BP!I have been dedicating my time, energy, and resources to understand and find mobile home parks for sale in Craven, Carteret, and Onslow County areas in North Carolina. I found a park in Newport, NC that may have po...