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I've secured a private lender and I've just received the funds in my account to purchase a small (2-6 unit) multi family property. I would like to speak with 5 or more lenders before I purchase a property, what are di...
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Hey guys I'm not sure how to handle this situation. Monday I'm closing on my first rental property. I'll be profiting $1000 each month after expenses. I'm super excited. The problem comes with the rental property my s...
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Background: I am still looking for my first investment property. I have found a 3 bedroom, 1 bath for approximately $30,000 and I think it can sell for around $80,000 to 100k with ~20k in renovations. It is a 1.5 st...
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....the lender is telling me I can't make more than 20% in the deal. They know there is a waiver for that but they don't have investors who will buy their loan if they do that. Sooooo, should I:
A) Forget about the...
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From my understanding when using the BRRRR strategy you first buy the home (private lender, HML, Cash) then after the "seasoning period" you can do a cash out refinance with a conventional mortgage. Can you just get a...
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Hi there, I'm just starting to get into small multi family. Should I do section 8? Sure, the state does autopay $1200 per month. My concern is what if the tenant trashes the property, I have no recourse. I wouldn't ...
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A lot a newbie investors spend so much time trying to learning "the right amount" of information before jumping into investing (as if there's such a thing). But every experienced investor says it's more important to j...
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Hi, I am really new here to Bigger Pockets. I have been a member for a few years, but just recently starting gaining Huge interest in the podcasts. I am changing day jobs this week and that will give me the opportuni...
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Hello pros. Im a new pro member and I need some advice in order to start to be a real estate investor. I bought a 2 bed 2.5 bath townhouse in 2018 when I was still single and now that I have a growing family with my...
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Good Morning BP Community! I'm happy to finally take the plunge and become a member. I have been listening to some of the pod casts and reading many forum discussions before finally deciding to join. I am a regi...