Hi,
I was wondering what everybody's opinion is of making loans in second position. Under what circumstances is it alright to consider a loan in second position? Thanks in advance!
I am retiring and moving to Florida, I sold all my rentals up here in New York, with all the new rules that let tenants skip payments and bar you from evections. Why would I go buy a new property just to have a tenant...
We currently have a pick-a-payment ARM. We're not behind in the payments, but are paying the minimum pymt, resulting in about $1k/mo being tacked onto our outstanding loan amount each month in deferred interest.
Our ...
I recently purchased some non-performing notes. I was wondering if a 1-800 number was an absolute requirement or if I can just have a dedicated phone number for borrower contact? Of course, I recognize that the 1-80...
Last year, I shared my story here on BP . Please read for more background info. @Chris Lemire and I are here to give you guys an update!
Our progression:
June 2015 - 50k in debt. joined Biggerpockets. Started learni...
What is the downside to purchasing a multi unit (28 units) building (currently approx 90+% rented), if rates rise, and the economy slows? I heard on podcast 3 that the guest lost millions in the 2008 downturn. I am g...
Hey BP folks after much research, books and countless hours listening to the BiggerPockets Podcast.... I have decided that it's time to take some action. My goal is to house hack and buy a multi-plex closer to work s...
So I recently graduated college, and I am moving to Fort Rucker, Alabama for flight school. I've been looking into buying rental properties in Montgomery since it's a decent size city only an hour and a half away to t...
Through all of my research and networking the most valuable skill in real estate continues to be the ability to find a deal. Whether that’s for wholesaling or for other strategies, everything seems to lead back to fin...
I am looking into purchasing a Duplex that the current asking price is $199,000, I have made an offer of $175,00 with 100% owner financing @ 5% with a 5-year balloon. They entertained the idea, but cannot because ...