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I have had a FNMA property under contract a few weeks now and was to close on it tomorrow after a few minor delays. I just got a phone call fom my bank telling me I could not borrow as much as I need according to an a...
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Hi everyone! I am new to BigPockets and found this forum while searching for answers to questions I have about purchasing a property I found.
My current house is on the market. While walking the streets, "not stree...
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Am I missing any steps?
1. Find a motivated seller, with deal potential.
2. Determine ARV and REHAB COSTS at meeting.
e.g. ARV: $150,000 REHAB: $25,000
3. Negotiate a deal.
$150,000 x .7= 105,000 - $25000...
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Hi, BP family
I was recently thinking about a good measure on whether it is worthwhile to convert LTR to STR. I asked around and got different answers. Some say that your STR gross income needs to be at least twice a...
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My pm, without my knowledge of approval, accepted a deposit from a tenant who wants to move in in thirty days later, leaving my rental vacant for the thirty days, no rent. PM will not take my calls and is said to not ...
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If you had a good chunk of money to invest in today's market, would you invest in a multifamily syndication or a single family home? Would you rather own 100% of a hard asset that requires more work, or a small chunk...
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House hacking is something I am looking to get into, I have learned the basic ins and outs but am yet to purchase a property. Is there any advice you would be willing to share for someone looking to get into house hac...
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As the title says I am wondering how to compete with all the cash buyers in my area. One of which owns over 90% of the apartment buildings as well as almost all commercial buildings in town. He also frequents the ci...
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Hello! I'm looking to house hack a property in San Diego. I would like to rent out the extra bedrooms to medium term tenants or via AirBnB to short term tenants (after getting the proper city permit) to maximize the r...
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Hello, I am 22 years old and started investing into a Roth IRA last year. Since then, I found bigger pockets and what real estate has to offer. How have you decided to balance your type of investments? Theoretically, ...