Mackal Smith
First 8 unit and Insurance is really hurting cash flow
I posted this in the multi-family discussion topic then found this forum. Oh, and btw, the apartment building I'm talking about here is in St Louis MO. Apologies for duplicating...Hey all,Up to now I have only bought ...
Keith A.
Using equity when you don't have 2 years landlord experience
I have a few properties that are leveraged and also some that are free and clear. I have been able to use my salary to control the DTI for the first few of them but now am reaching my limit without including income f...
Marcus Brown
Friends need advice selling house, just discovered plumbing issue.
They were planning to list it in the spring as they've outgrown their starter home. Several weeks ago the plumbing backed up and yesterday the plumber came back to run a camera in the lines to make sure everything is ...
Dan Verdick
Line of Credit for Down Payment
Hello,
We have our house paid off. At the time of paying it off we took out a line of credit back in 2011. I am looking at rental properties and thinking of using a small portion of this as a down payment. We...
Grant Cleveland
To Refi or Not to Refi..that is the question
I have a mortgage I owe 280,000 on at 4.25% 30 year fixed with 27 years remaining. Down the line in let's say 1-3 years there's a chance I'll move and would like the option of converting this to a rental. I can rent...
Jun Zao
What are the limits of a FHA loan?
So if I am looking a legal 4-unit multi-family at a list price of $899,000, would I be able to find a lender who is willing to approve an FHA loan with 3.5% down?
Corey Williams
Buying a new home - keeping existing as a rental guestion
I have been reading as many posts as possible in the past week and wanted to run this by you. I have read a couple posts that mention getting started by buying a new home and keeping your existing as a rental. Bingo...
Shonari Wynter
Doing a BRRRR! Should I keep receipts of materials?
Hey everyone!So doing my first BRRRR. Project is about a month out from completion so I’ve been thinking about the refinance part of it. The contractor has been giving me final receipts. Meaning they buy the materials...
Karen Margrave
Vacancy rates on Vacation Rental
When weighing the option of Short term, vacation rental vs. long term rental, where do you find vacancy rates for short term properties?
Natalie Grimaldi
Chicago Newbie - buying 2-flat as owner occupied
Hello everyone,I have been on BiggerPockets for a while, but only as an observer. I have been renting in the downtown area and now ready to buy something, but want an investment instead of just a condo. I'm looking at...