All, I'm thinking about branching out into a multifamily purchase. I found a good candidate property - $2360 monthly rent received. It's for sale for 310k, so when I put all the factors into a calculator I'm getting...
A local credit union in my area (West Michigan) is not only offering, but is advertising on large billboards on the side of the highway a 3% down, no PMI, non FHA mortgage. Am I the only one seeing these types of craz...
I have a question for all the subject to people out there. How do you pull your equity out of a property that is subject to? I have a property that we took over payments of the loan on and it has a 3% interest rate ...
Hi - I am looking for an advice on whether or not choose Home Equity Loan or Line of Credit. I understand the basic difference between these two financing options. What I am trying to do is to borrow enough from eithe...
For context, my ultimate goal is to increase cash flow over the next 5-10 years by lowering monthly expenses.In 2015 I acquired a duplex with an FHA loan of 3.49% that has PMI that is $214 a month on a total mortgage ...
I have seen so many people credit Rob Kiyosaki and his “Rich Dad Poor Dad” book to their starts in Real Estate, myself included.Recently he has come out with some comments projecting a huge crash in the RE market. Mos...
Hi Bigger PocketsI really enjoy reading the forum, blog, as well as BP books by Brandon Turner and Trench. I enjoy trying to figure out what strategies will work best for me.It does seem like many members here are al...
Hi Everyone,
I am new to BP and real estate investing in general but have been following some large (8 units+) MFDs in some rough areas of Newark and Jersey City with numbers that sound good and am wondering ...
Folks, I'm a bit confused on the latest foreclosure news, reporting that there was a 21% increase in foreclosures, MoM, in October 2020. I thought that there was a moratorium on foreclosures due to the CARES act? The ...
I have read the B.P house hacking book many times. Now it's time I take action. How do I succeed on my first house hacking property after I find it?