I am in the process of looking for my second multi-unit property. I currently own a 3 unit with around $350k in equity. I am living in one of the units, but am ready to move out and again house hack in the next 3-4 un...
Hey BP! I have a question for anyone who understands FHA loans. My wife and I are looking to use an FHA loan to purchase a fourplex somewhere in Salt Lake or Utah County, but fourplexes are a little out of our price r...
Hi everyone,I just purchased a property at the courthouse steps for $11,000. It is a 1/2 acre property close to Auburn, Alabama with a doublewide mobile home on it. I went to the property after the auction and intro...
Hi All - I recently came across Cozy and signed up but my tenants didn’t feel comfortable providing their bank information given they have an ‘F’ rating on BBB site (https://www.bbb.org/us/or/port...).
Has anyone ha...
Hi Bigger Pockets Friends,I'm writing for advice on financing because I just ran into a jam, and want to know what you all would do if you were in a similar situation. I've been following the Bigger Pockets forum for ...
Hey everyone! I recently bought a twin-home that I am renting out. (The details are below) I will be in a training status for the next 1.5-2 years so I will have no housing payment as dorms are provided. I was wonderi...
Hey guys, so I am an active investor in Florida. I have a few questions regarding mortgage terms. My lender always MUST have 25% down for a duplex. 30% down for a tri or more. I feel like this is really slowing me dow...
Hello all, I'll get right to the point with my questions:
1. When investors purchase a NNN lease and the loan has a large balloon payment in 10-20 years, where do people come up with such a large payment to payoff th...
Is it true that 6 months of mortgage payments is needed as an emergency fund before the closing of your loan on a multi-family property? If so, is there any way around this requirement? Is this requirement for every l...
About to embark on my first REI. Do you guys recommend I open separate bank accounts for each property? I'm planning to buy two in the next 6-9 months. Also, how do you handle rent payments. I've read a lot of blogs a...