Bienes Raices
Something to think about before using small, local banks
Thanks to the advice on this forum, I was able to get a cash out refi from a small, local bank in my area when no one else would consider me, which was fantastic. Subsequently I opened a bank account (in my LLC's name...
Joe DiMarzo
New to BP!
Hey guys, this is my first post on BP. I really enjoy spending time on this website, its filled with tons of good info and resources.
Currently, I have 6 units with my dad. I'm 22 yrs old, work full-time and invest o...
Josh R.
Goal Setting Basics
Im a goal setting novice.
When starting out in real estate investing how have some of you successful investors out there broken down your goals, especially when starting out.
I am trying to gain traction in my pers...
Sam Craven
Can you break the 70% rule?
6 months into real estate investment I have used this criteria to determine if the deal was worth doing. Now that our marketing is working better and the deals we have been looking at recently have ARVs in the $400-$...
Kevin Polite
Underwater Investor won't sell
I've contacted the out-of-state investor several times and asked if he was interested in selling a property I discovered they had a $100k mortgage. In the condition it's in it's probably worth $30-$35K at best. As...
Derrick Dunham
New Investor in need of a little guidance
Hello!
My name is Derrick and I am new member of Bigger Pockets as well as a new investor. I know a little after serving as a mortgage broker for 20+ years, but I have never actually invested. I have spent ...
Jim Lally
New From Southeastern CT
Hello!
My name is Jim and I'm from a little town called East Lyme CT (about half way between Boston and New York) on the CT coastline. I've lived in this area for the past 20 years so I'm pretty familiar with the ...
Scott S.
Commercial property with 2 apartments upstairs.
Hey guys. I was wondering if I can get your advice on a possible deal. I was speaking to one of my customers today (I sell cars) and I mentioned that I'm Interested in buying a rental property (like a multi family hom...
Daniel Calderon
Buying a profitable lemon rental
I am buying an old house built in 1953 that has problems. The house is slightly settling in the back and the plumbing is "iffy". It's basically a lemon and if I get an inspection performed, it will not pass. That bein...
Kevin Fletcher
Where to Keep Cash Between Projects
I was thinking of selling a 3-plex I have in Denver. I will not be able to reinvest the money for a few months after the property is sold. So, I have a simple question: Where do people keep large sums of money in b...