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New player , New deal
THis would be my first deal.
I found a house for sale in an economic thriving neighborhood. Nice homes, no crime, its growing development wise, everything checks out. The house 3 Bed, 2 Baths. $160,000. So to my non-...
David Lund
Noob Needs Advice: extra cash needed for closing costs?
Hello All,When looking at properties it's obviously to everyone, even myself, to calculate the cash I need for a down payment, but I assume I will need to save up even more cash for the closing costs? Is this a fair a...
Dave Rosa
15 Vs 30 Year Mortgage
First, I'm kind of new around here, is there a search bar I haven't found? I'm sure this question has been asked 100+ times..
We have one Short term rental property right now with a 30 year mortgage. Looking to buy ...
Shane H.
How much time should i allow tenant to move out?
Here's the link to what led up to this: https://www.biggerpockets.com/forums/52/topics/727317-plot-twist-tenant-gave-me-a-fake-vaccination-record?page=1#p4285485I will be meeting with them on the 13th to be asking the...
Mathew A.
Property manager keeping fees and not willing to work
I've got myself in a bind, and any guidance would be helpful.Here's the situation:I bought a duplex, fixed up one unit, and hired a property manager to manage it. The church across the street wanted to buy it, and af...
Blake Dowe
Finding an FHA loan (Future Investor)
Hi everyone,I'm working on the logistics of my first future deal, and I'm going to try to go with an FHA loan for a multi-family buy and hold. Most of the info I have found says that you need W-2 forms and tax returns...
Eben Rohling
Adjusting Purchase Price and Interest Rate with Seller Financing
“A property is worth what someone is willing to pay for it”If you can secure seller financing, would it make sense to offer a higher purchase price in exchange for zero percent interest? If you adjust correctly, you c...
Riley A Holzmeyer
Using 50% Rule with an FHA Loan Question
So the 50% rule is taking 50% of the rents and saying that will put towards operating expenses. So what is left is used to pay for the mortgage. So when dealing with an FHA loan and having extra payments like MIP. Wou...
David Schweibish
Pre-foreclosure Deal Analysis
Hello all,
I have been actively acquiring properties in the central and south Florida market for nearly two years now, but have never dabbled in the "pre-foreclosure" arena as of yet.
...
Joshua Dorkin
Hardship Letters
For the short sales guys around, I was wondering if you'd be willing to share some examples of the best hardship letters that you've seen, or those that have proven to be effective.
I know a lot of people are interes...