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Before I decided to educate myself on REI, I jumped into an offer on a commercial condo to open a retail shop. Based on that, we got a conventional commercial loan with the terms of:1. Can only use the loan proceeds t...
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I have a great opportunity to acquire 12 SFR! The only problem is the down payment! I will partner if needed, but only if needed. I would like to know if ANYONE knows or has heard of any lenders that will roll the dow...
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Is anyone here familiar with note investing in Canada, specifically buying non performing notes (ideally in large metro areas)?Where can Canadians buy notes? There doesn’t seem to be a DebtX or Paperstac equivalent he...
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I've been involved in real estate in Columbus Ohio since 2014. Since then the market has only gotten better every year. The last recession came in 2007 and 2008 and it seems based on what I have heard that it happened...
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Hi,
First post here after reading amazing content by you guys.
I am thinking of assuming a mortgage by the owner in a city in NJ. The owner bought his house in 2002 with a normal interest rate but lat...
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This is from page 98 in the book.Johnny owes you $10,000 -- interest rate is 10%, payment is $132.15, number of payments is 120.He's going to sell his house so he asks you for a discount if he pays it off now.You agre...
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My husband and I have been given an opportunity to buy a house from a friend but we are not sure that it is a good deal.
It's a 3/2, 1758 sq ft. Located in N. California town, population 60k
Here are the numbers:
...
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I am listening to podcast 13 with Leon Yang and he made a comment that I would like expanded on. It is something I never gave much thought to but it does need thought. Over the last five years ago our government ha...
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After aquiring my first rental property & rehabbing it, I just got it rented & am ready to refinance it. My lender just informed me that the rules regarding rental income had recently changed, and unless I hav...
Hi All,I am new to BiggerPockets and a newbie looking to investing into real estate. So here is my situation, I bought my primary residence house in the beginning of 2021. It's almost 2600 sq foot and I am currently s...