Nehemiah Wallace
Single income family of 7, some debt but want to buy a rental
Getting a good chunk of change back from IRS and I want to start investing by buying a property in the $80-$90k range ready to rent out but the wife thinks we should eliminate our debt first. Is it a good idea to get ...
Darlene Tyson
Buy and Hold
Howdy! We own one investment property in College Station, TX (CS), home of Texas A&M University 'Gig 'Em. We currently have both our college students and one renter in that 3 br, 2 bath home. It is in an area t...
Corey Dutton
The 5 Most Common Questions About Hard Money Loans
For those who have never obtained a hard money loan, there are typically a lot of questions. Here are some of the most commons questions and answers about private and hard money loans:
1. What exactly IS a hard money...
Tony Tomasek
Official BiggerPockets Discussion of House Bill (HR) 1728
I just came across this in an newsletter I get. It centers around a law that has already passed the US Congress and is about to be voted on by the senate--- HR1728. It will most likely KILL the owner financing option ...
Steven Coppola
Will renting ever Die?
You always hear "buying a house is the best investment you can make" "Renting is like throwing your money away". What if everyone starts to listen and renting becomes a thing in the past? Now you're stuck with a prope...
Alex R.
Southern Impression Homes
I'm looking at purchasing some new construction homes in Jacksonville, FL with a company called "Southern Impression Homes" (www.sihomesfl.com). They currently are selling 3/2 homes for about $150k and rent them for a...
Account Closed
When a housing bubble bursts, do rent prices decrease accordingly?
I want to make sure when I'm buying rental properties, that they can remain profitable in any market. I ignore the possibility of the value of the property increasing, I only am going to make decisions based on payin...
Danny Duran
1% Rule Multi-family Properties – Where are you hiding them, Chicago!?
BP Community—equipped with many hours of Bigger Pockets podcast listening and forum trolling, the fiancé and I are actively searching for a multi-family property to owner occupy in the City of Chicago. Goal: leverage...
Mike McKinzie
Fudging the 2% and 50% rule
As has been discussed quite heavily on these forums, as investors, we look to 'gross' 2%+ of the purchase price and expect 50% of the rent to pay for all expenses except the financing.
Do any of you 'fudge' on these ...
Jason Peterson
Help - looking at a 6 plex!
Hello!I am interested in purchasing a multifamily 6 plex property in Dubuque Iowa. I am new to the real estate investing scene and figure this is the best way to go for cash generation. (See link below for house)https...