Max Vishnev
What You Need to Know Before Buying Your First Property
Buying real estate is more like a marathon than a sprint. It’s going to take a while. In fact, it may take months to get from the initial search process to the closing table.
So as a busy Realtor (NJ) and real esta...
Dwain R.
How Common is 30 Year Financing? And how this affects analysis..
I have become a regular listener to bigger pockets and I’m a new real estate investor. I closed on my first deal in September (Quadplex and a House) and am under contract now for an 8 unit apartment complex. My goal ...
Linda L.
What you should be concerned as 1st lien holder if there's 2nd loan?
Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
Ryan Gillis
Proof of funds when making an offer
I have received mixed information on this. I am wondering how you guys are writing your cash offers on REO's and shortsales regarding proof of funds. I'm planning on using a combination of hard money and private inves...
Wesley Frye
Paying the buyers closing costs?
Is it common for a house flipper to pay a buyer's closing costs? I have just listed my 1st flip for $220k and got an offer for the asking, but the buyer wants $8k for their closing costs. I was unwilling to pay the $8...
Joe Splitrock
How Do I Collect From an Ex-Tenant
I have a tenant that left last October after being in the property for 5 years and there was damage in the property. I was very reasonable about assessing damage and made sure to prorate everything based on useful lif...
Gary Miller
Turnkey questions by novice high income investor
I had started a forum earlier regarding high income investor and some recommendations that might work for someone like me who has little time but good income. I am a physician looking for passive investment at least i...
Timothy Metra
How to Rip Off the IRS - Grant Cardone's advice... Legit?
Opinions on Grant Cardone aside (I personally have mixed feelings), he had a podcast titled "How to Rip off the IRS" that I listened to today. I'll list what he said to always do below and my concerns.----------------...
Matt Finneseth
Put cash flow towards principle?
This is something that I haven't seen yet as far as an investment strategy. I've thought about taking the cash flows from the rental and putting it towards the principle on the loan in order to expedite acquisition of...
Selina Giarla
ISO Lenders: 30 Yr Fixed or......10/1 Interest only ARM?
I have been striking out in underwriting with 30 yr fixed rates, the math just isn't working out for me to make any cash flow and the debt service monthly expense is wiping out any NOI and thus my yield. So... I am co...