Yos W.
Mortgage vs HELOC - Planning for 2nd Rental Property
We purchased our first rental property last summer and so far it's been what we expect it to be.. the rent covered the monthly mortgage with $200 positive cash flow. (we'll use this for fixes, etc).We are thinking of ...
Marcella Sykes
Hard Money
Hi Everyone, This will be my first attempt to secure a hard money loan and I would like to know what to expect.Is the loan based on LTV or ARV. What type of interest is the norm, how many points should I expect? How ...
Jackson Lee
New Member in the Twin Cities
Hi everyone,I discovered bigger pockets a few months back, however I finally decided to make an account and start posting, asking questions, and what not. So far, this site has been huge for me, as a resource and insp...
Zach Adams
HELOC for downpayment fell apart!
I decided to take out a LOC on a rental property I own with a 0.57 LTV. The lender at BofA assured me I could use an investment property. I found a deal for a triplex locally and trying to purchase as Owner Occupied...
Cassidy Burns
Schooled by a Tenant, BUT I learned something new!
Hi BP,I am posting in regards to my current tenant situation, and how I got SCHOOLED. My tenants are breaking their lease early (Signed through Feb 1, moving out December 18th.). I had sent an email saying that they...
Gaynor Pendleton
Investing as a Non US Resident
Hello all, I am a non US resident, come from the land down under 'Australia' and have been dabbling in real estate in the US for the last 18 months. Such a fantastic opportunity to gain financial independence, altho...
Vidit S.
How to best draw an operating agreement for a LLC in Florida
We are 3 friends who have created an LLC in the state of Florida to invest in residential real estate and mostly turnkey. Next step is to create an operating agreement and we are looking for an attorney with real esta...
Matt Wahidi
Auction Home Bidding
I got a lead from auction.com and I decided to dig deeper on this property....I found delinquent tax liens for purchase on the local county website. It appears these can be paid off to purchase the said properties. If...
Syed Firoz
After tenant eviction
Hello BP,I just evicted a tenent who was subletting another family without my approval. After I found it out, I dropped a letter for breaching the contract and accepted and signed by tenent and gave 30 days to evict t...
Terah Rubin
Financing Fix and Flips
Hello all!Pretty new to the real estate investing world and I'm here to absorb as much information as possible! My mom and I currently are looking to do a couple flips, in Texas, to start out to get some cash flow to ...