David Repinski
Failed mortgage on rental property(IRS expenses?)
In May of this year I had a failed attempt at securing financing for a mortgage on a rental property. I ended up paying cash and then refinancing two months later. The question is about the cost of the failed mortgage...
Henry Lazerow
Chicago - Roscoe Village 4 unit BRRR! Deal Diary
I was the Broker representing the buyers side. Happy to walk my Biggerpockets friends through the before and after! 3 units + 3 story coach house (was 2 units we are converting into 1 luxury 4br 2ba). Bought for $730,...
Stephanie Knox
Is a Real Estate Attorney really needed during the buying process
Hey everyone! I'm looking to get my first investment property - so far I sat down with a few credit unions and 1 corporate bank just to see what each one has to offer and just get pre-qualified; based on my 3 credit ...
Juan Alvarez
Pre qualification letter
Please explain the pre qualification process on a loan. I currently filled out a questionnaire from a broker but now he is asking to completea , “document checklist with a list of documents needed for your loan qualif...
Will G.
What happens to cap rates as interest rates rise?
Hey pocketeers,We are at historic low cap rates, do they go up as interest rates rise?
Account Closed
Creative Ideas Needed to Motivate a REIT to Sell me a Property
I have a somewhat unique situation in which I'm stuck. I own a building and operate a business out of it. It shares a common wall with another building that it has been vacant for over 5 years. I'd like to purchase th...
Travis Hamilton
Landlords / PM's - How do you normally follow up with prospective renters?
This is totally out of my area of interest as it relates to RE right now but I had a couple of interesting experiences when looking for a rental property. So I figured I'd throw it out here and see what everyone's ta...
Joshua Dees
I want to sell my neighbors house.
Hello all!
New to BP, new to RE, I'd like to become a Real Estate investor one day, so some flips and also acquire some rental properties, both residential and commercial. As of now I have 0 properties. I am a Pawnbr...
Michael Meserve
Working with an agent - good idea?
Hi everyone-
I own a few rental properties in Portland Maine. I'm in the processing of adding to my portfolio and this time decided it wasn't worth it to me to work with a buyer's agent. As I check out properties a...
Rhondalette W.
Please advise-15% down or 20% down- gift money issue
I am in the process of purchasing my 2nd and 3rd properties with conventional financing from the same lender. Originally, I planned to put 20% down on both properties because I thought that it was a REQUIREMENT that i...