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I am planning to get my first investment house; I don't want to use my savings, so I have an equity line of credit for 50K and got pre-approved for a loan up to 300 k? it has been very difficult to find a house that ...
Hi just posing a scenario out there for buy and hold investors. If you have a private investor willing to put up all the funds for a buy and hold, how long of a mortgage would you prefer? In our example you're buying ...
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Looking for some financial and practical advice on my investment idea.1. I have an income of $60,000 per year.2. I want to buy a three bedroom townhouse for $290,000, with a down payment of 10%. I'm thinking an FHA l...
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Hi,
I have a house that is owned fully by me (no mortgage) that I created a lease option on with a lessee. The FMV is about 165k. I received a 15k down payment and am receiving monthly payments of $1578 for so many ...
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Hello BP family, what have you found to be the best way to collect rent? I'm closing on my first deal soon and currently some of the tenants have paid cash through PayNearMe. But that service is not available to sole ...
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Hello BP,I've been saving up capital to purchase an OOS turnkey for the past 1.5 years. Was thinking about putting in about 30-35k and getting something in a B/B+ area in the Midwest. Recently I've seen some older hom...
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I'm looking to buy my 2nd rental property, but have some financial questions.1. I own my own home and can take about $13,500 for a HELOC to use as a down payment. Q - If I do this, and then try to get a bank mortgage ...
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Greetings Bigger Pockets community, I have a couple of questions: My father in law paid yesterday his mortgage $1663.96, $29 went to the principal the rest are interest, his credit is 650 and he is not too sure abou...
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Hi, I have a tenant that has been late with their rent for the past 8 months. Same game each month: 10 day notice given on the second of the month and then they pay on the 12th. However, they take good care of the p...
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We just sold one of our Dallas properties after holding it for 4.5 years. The last 2 years had been painful - with on going repairs, horrible tenant with late payments and pets that pee'd on the carpet... After the ...