Aaron Howell
Offer on a multifamily that doesn't cashflow currently
I'm looking at a 8 unit at a $270,000 price. Income is about $33,000 per year, expenses are about $30,000. Market rents are $250-300/month under market for the area so basically the owner shows a small loss on their...
John Gilligan
Newbie from Glenside, PA
Greetings Bigger Pockets Community!My name is John Gilligan. I have only ever purchased one property: my primary home. We moved in 9 years ago and I still live in it with my wife and two sons. About 3 years ago I b...
Victoria Zhou
Transfer to LLC or buy landlord liability insurance?
I have a few rental properties in Seattle city limits. Used conventional loan to finance the mortgage. All are individual condo units. Lender does not allow me to transfer to an LLC (which can trigger "due on sale" cl...
Alex Nguyen
Need a resource for someone who knows little of personal finance
So I am about to start a new job and will soon be moving out of my parents house and paying my own bills. I was thinking about what kind of insurance plans I should get but then I realized there's probably a lot more ...
Duane Taylor
New Ohio Member Testing The Waters
Hi, So I guess I should start out by saying its grate to be hear and share how I found out about bigger pockets. Long story short I was just surfing the net feeding my curiosity about real estate investing when I stum...
Evan St. George
First multi-family: to go FHA or conventional?
Hi everyone,I'd welcome advice/input on this situation, if anyone is willing. My wife and I are in the process of finalizing an agreement for a 3-family home (our first) in upstate NY (Rochester area). Based on conver...
Maxwell Emerson
Assets and Liabilites
I just finished reading Rich Dad Poor Dad and I loved every bit of it. I don't necessarily agree with every point he makes, but it's been an eye opening book and has made opened me up to many more schools of thought!...
Pam Grim
Rent Collection advice
Hello,
I'm just starting out. My husband & I had 2 houses, one of which we were renting out. We got divorced & both took one house.
I'm working to get debt paid off that I accumulated while also being laid ...
Peter Stur
Challenges with financing more than 6 rentals
Last year I switched from the fix & flip method to buy & hold (specifically the BRRRR method thanks to the Bigger Pockets Podcast). I am now up to 5 rentals but most lenders are telling me that I will have iss...
Christian Pirotte
Debt to Income Limit
Hi all,Currently stationed at JBLM and I've come across a triplex off market that I am very interested in. The Tacoma market is one of the hottest in the country and I have been outbid on every offer I've made by othe...