James Canavan
Cap rate
Looking to buy my first rental property. I have an opportunity to get into a home that is currently renting for 950 per month. I figured that the cap rate would be 3%. Would this be a decent buy as a newbie investment...
James Register
Private Lenders LTV AND SIMPLE INTEREST
I have a friend that asked me this question. He said if I buy a ready to move in home to lease to own to a good family at 20% below market/appraisal value. Could I find a private lender willing to work with me or do I...
Tim Wilkinson
Forgoing the 70% rule
Hello BP community!I am wondering if some of you make exceptions to the 70% rule in some cases. I have one in my sights and am in communication with the very motivated owner. Time is short for him and he has agreed to...
Trevor Murphy
Bond Tapering & Interest Rates
I read this morning that the Fed signals bond buying taper coming "soon" and interest rates rising between now and 2024.Does anyone have any thoughts on if this will effect the housing market, mortgages & borrowing?
Charles M.
BRRRR Duplex in Richmond, VA
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Richmond.
Purchase price: $280,000
Cash invested: $100,000
69% post rehab to ARV with 2 units rented for a total of $3,200...
Frederic Babeux
Change my strategy/market?
Hello all!I am a Canadian investor with a duplex in Rochester NY and I am not sure if I should change my strategy and or market.My long term strategy is to buy and hold but in order to scale, I need access to financin...
Matt Ekoti
need help House-hacking my first deal
Hello Biggerpockets community,
I am a 22 year old aspiring investor trying to house-hack my first deal, i live in college station, TX (Brazos country). I am a full time college student with a 750 credit score and ma...
Tyrone Smith
Purchasing an Occupied bank REO property, anyone with experience in this Regard?
It is my responsibility to get occupant out of property, was wondering if anyone had experience in this area. I would think it could be as simple as knocking on the door offering $500 for them to move , to saying I no...
Zoran M.
Private Financing Lined Up. Who buys the house?
Hi all,
Glad to finally be partaking in discussions here at BPO. Reading the various forums has been a great experience thus far.
I am looking to purchase my first REO property and expect to place my f...
Bryan Pham
How to transfer/open self-directed IRA account?
Hello BP,I am interested in switching my 401K over to a self-directed IRA. Does anyone on BP know how this process works?