Wade McMaster
Paying more or not for investment property refi
I've been looking into refinancing a house that we bought with an FHA as our primary residence and are now using as an investment property. It's now below 75% LTV, but every lender wants to charge us a higher APR beca...
David Ordonez
Applying for a vacation home or 2nd home loan
What are some of the consequences if you decide to rent your vacation home as soon as you close the deal. I understand the lender strictly specify you can not rent your vacation home. Will I get in trouble if I rent t...
Patrick C.
FHA guideline when buying
Good day BiggerPockets peeps and friends!!!! So I’m looking at making that first purchase deal with FHA loan. I’ve been looking and analyzing a bunch of multi units such as a duplex, triplex or quad plex and recently...
Kyle Ransom
Single Tenant NNN Deal
Hi everyone, I am in negotiations with a private seller on a 2,800 Sq ft commercial property that is currently leased for 2 years at 11.57/sq.ft He wants to sell a 10% cap. at $275,000 I crunched the numbers and I am...
Carla Carvalho
How to use new Studio City investment property?
Hello,I have invested before but Los Angeles is new to us. Somehow on our first trip we found ourselves a "highly motivated" Seller and a gorgeous SFR house in Studio City. Before I knew it, we were in contract. We h...
Horacio Gutierrez
Children under age of 18 inherts rental property in trust
Hello,Say a kid under the age of 18 inherits a rental property which has been placed under a trust and parents choose a custodian to manage the rental property. The rental property still has mortgage. The custodian ...
Annalise Kingston
Buying a Rental Property as a Student — Can I get an FHA loan?
I am looking to get pre-qualified for an FHA loan to buy a small house in the Portland, Maine area. However, I am about to start my masters degree and I am working as a nanny until I start, so I don't have a typical f...
Mark Navarrete
I’m an investor looking to add to my network in NJ and beyond
Hello,I’m interested in meeting realtors, hard money lenders, contractors, loan officers and other investors who are active in the West Orange, Orange, East Orange, Union and Montclair markets in NJ. I’m also open to ...
Pete Fiannaca
NYS 30-Days-Notice - Question...
Hey BP - Looking for some group wisdom... especially from those well-versed on tenant law.We have a month-to-month tenant who just gave notice, on 2/12, of his intention to leave the home. We collected security and la...
Account Closed
What does a "cash offer" really mean?
I feel silly even having to ask this question, but how exactly does a "cash offer" transaction occur on a home/lot? Deals are moving quick in my area, often with several cash offers made in the first day a deal is av...