Treasa Manigault
How Do You Start Out With Multifamily Units
Hi. I am looking to start with multifamily units but Im wondering how I can afford a decent unit to start with. What options do I have for finanacing? I am planning in buying a unit and living in one apartment. I ...
Phillip Rosin
Lending options for my situation please. 2022 tax extension + house needs renovation.
I have a house under contract. 245K purchase with ARV 425K. Rehab will be around 50K. It flooded and is currently in the post flood state. A portion of drywall, flooring and cabinets have been removed but there is no ...
Sheratanairy Flores
Miami, FL: First time House Hacking
Hello!
Finally taking the steps towards financial freedom. I live in Miami, FL and the market here just like I'm sure in many other places is crazy expensive! The plan is to purchase a multifamily property and house ...
Nicholas Ne
Brooklyn Park Area
I wanted to know if anyone had any experience/recommendations for the Brooklyn Park area of Baltimore. The multifamily homes are in my price range and the cash flow fits my numbers. Anything I should heed or be wary...
Laura Hildreth
Private Lender Pros & Cons?
looking at Private Lender's to fund property. What are pros and cons? Is 1% fee typical? Things to look out for? how do I verify I wont get burned?
Brian Metz
LLC and Finances/Credit Cards
Hi BP friends, rookie question here. I have a few properties, but the next one will be in an LLC. Been reading up on the basics of that, however, do folks typically open up a new credit card for purchases? Sounds triv...
Francisco Feliz
FHA Self-Sufficiency Provision
Hi everyone,Is anyone familiar with the self-sufficiency test on FHAs with respect to buying a multi-family? I was told that it's a recent-ish provision that has made several FHA loans fall through. Apparently, 75% of...
Gerardo Waisbaum
Bank Loan Quotes: Closing the Deal Challenges
Hi fellow investors,
I recently listened to a thought-provoking On The Market podcast episode featuring Ben Miller from Fundrise, who raised an interesting concern. He mentioned that while many banks provide loan quo...
Carter Mezzio
House Hacking in an Expensive Market?
Hello BiggerPockets community! I am posting a question to much more experienced investors today, as I am a newbie hoping to purchase my first property soon at the age of 20, about what strategy works best given my mar...
LaRay Chambers
Smoky Mountain Gold Mine Property
Investment Info:
Other hard money loan investment.
Purchase price: $95,000
Cash invested: $140,000
Sale price: $525,000
I own the 1.2 acres outright including the adjoining 17+acres, utilities to...