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Hi I am from forest lake MN I've been working since I was 15 and I'm now 19 and beginning to realize I need to be more smart with my money and I've been building a company with my parents that we started back in 2012 ...
Hey BP,I'm looking to refi but my DTI is very low. I do not have the same job I had before. I have a free and clear duplex and cash reserves. I've been trying to figure things out and I don't want to have to search fo...
My wife and I own 6 properties with an average of 50% equity. We have 2 residential properties in high traffic vacation rental destinations that we Airbnb. We own 2 commercial building that we lease out for a profit,...
Hi guys, Need some advice please help!!!Current situation: Husband makes $15 an hour and works full time. I’m an independent contractor hair stylist. I took a 3 year break in my career for personal reasons and got bac...
Hey BiggerPockets family,
So my rental property will be vacant next month and I’m thinking about staying there a couple nights out the week in order to do remodeling work. I figured I’ll do the work myself in order t...
When purchasing a property with a 10% down payment vacation home loan with intentions to use as a short term rental is not being able to use the property as a rental for 12 months a typical requirement of a 10% down h...
The most fundamental metric in the commercial real estate space is, without a doubt, the capitalization rate or cap rate. It is calculated by dividing a property’s net operating income (NOI) by the purchase price (NOI...
Let's say I'm flipping a property. My all-in acquisition/repair/holding cost was 80K.
Ignoring selling costs, let's say I sell it for 100K with seller financing. And I require 10% down with the rest financed at 5% ...
We acquired a rehab for about $30,000. Requires about $18,000 repairs. ARV for property is about $85,000. Average rent in area is about $800. Would you sell or use property for rental after repairs? Whats the best rat...