Allison Hicks
New to Bigger Pockets (Construction Loan advice) & RV Park too!
Hi there, I've known about Bigger Pockets for a while now and I've searched these forums and gotten loads of information but haven't done anything with it until today.I'm 40 years old and have 15 years experience in t...
Kurtis Tryber
How to unlock Equity in rental property? Help on figuring out a potential strategy
Hey all, I have some questions about potential strategies with a rental property that I own in Sumter, Sc. I bought this property in 2012 as a primary residence, however its been a rental property since about 2015. My...
Mitch Balgobin
Just starting.
hi everyone my name is Mitch Balgo and I'm almost ready to purchase a home in New Jersey as a flip I'm interested in purchasing a home for 170 K as a flip The home will need an estimated 50 K in repairs and the comps ...
Debbie Welch
Snohomish County REALTOR® and Brand RE Investor
*Brand New RE Investor - Hello! First post. :) My husband and I live in Lake Stevens and we've just started our real estate investing adventures last week. We had our offer on a studio condo in Everett accepted. We pl...
Ami Soni
Using 401k as down payment
Hi Everyone,My name is Ami Soni and I am from the suburbs of Chicago area. I am approaching my first deal and looking for more information on using 401k savings as down payment without the penalty? I believe I've hear...
Olga Burninova
Banks requested 15% down for 3-units. Is that a Fannie Mae voilation?
Hello!I'm looking for guidance/advice. I've applied for a conventional loan: 3 units, owner occupied, NJ, 5% down.I have enough W2 income to cover the loan and additionally, there are two units rented already. Several...
Rickey Wiley
To all the Flippers out there.. Where is the Cash ?
I am looking to begin a Flip on a foreclosure property in the Dallas area. My question starting out is where is everybody getting the funds to close the deal? Specifically for a flip is it mainly just Hard money Lende...
Joe Kelly
How can I close on foreclosure and sell to buyer quick?
Hey everybody
I currently have a house under contract I’m buying from auction with hard money. My original plan was to rehab and flip it however my realtor found a buyer AS IS for roughly the same profit I’d get if I ...
Dave P.
What Would You Do.....
.....If you were two months behind on your mortgage and had $1600 in your checking account, had no other assets, and were wondering if you should make you $1290 mortgage payment?
...
Trey Williams
Can a different name be on the escrow deposit?
Easy question:If I am putting an LLC in my offer to purchase a home, does my escrow deposit checks have to match my LLC name? Or can I pay the escrow deposit with my own as well? The reason is because I haven’t set u...