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Hello my BiggerPockets fam, I have been wanting to step into the fix and flip market for quite a while but wanted to build up a lil passive income with rental properties first. So I have recently purchased about 7 pro...
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House has been for rent (zillow, etc) for two weeks. Showings and multiple inquiries every day since it was posted. People seem positive and excited. Then they never come back with an application. What's going on? How...
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Do I short-sale all of these?! I have had good responses from my mailing campaign last week. I’ve got 11 leads sitting here out of 94 letters so far. Every darn one of these is basically “underwater” owing more than t...
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So...kinda stuck. Was laid off from my job about a year ago. Have been plowing most of my savings into a startup since then and they're running low and spending my hours on the business vs looking for another full t...
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Hi All! I'm new to REI and I'm trying to understand a few basics. I keep hearing that 2% ROI is the goal. So, when I'm analyzing, that's exactly what I'm looking for. However, I'm not sure if I fully understand. Does ...
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When should you pull cash out of your properties? Won't pulling cash out or doing a cash-out-refinance on a home that has appreciated significantly result in negative cash flow? Should you only pull cash out of a prop...
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Hi All,Can I get some help with some with the major differences between a tax lien and a note? Somethings like; cost to purchase, where and how to, basic differences? I have a general knowledge of them but not sure h...
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Hi, My name is Miguel,
My wife and I we have a household income $140k/year.
we have a 30year debt loan (220k with 2.4%interest rate)
we have 45 and 42 years old and 3 kids (4),(7)(10)
we have now $600k in cash rig...
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Hello All,
I have been looking into DSCR loans and while they seem enticing the 20% down is a bit of a hurdle. Does anyone know if the DSCR can be combined with a 80/10/10 loan to bring down the cost of the 20% or ar...