Andrew Smith
First home investment, foreclosed a good buy or a trap?
Hi everyone, I have a question regarding a first home purchase. I am looking to purchase a very cheap home located in Pontiac Michigan, one that will allow me to stay afloat with the little money I have. I want to liv...
Kate Glassman
Pre-Approvals for first time home buyers
Good morning guys! My mortgage company specializes in pre-approvals for investment properties, so I feel like I need a refresher on the first time home buyer.What are first time home buyers looking for/needing from th...
Tim Jahnke
Remodeling with Dust and tenant
I am doing a remodel where I am removing plaster and laths. My up stairs tenant is complaining she is allergic to the dust and I need to remodel both bathroom before I can finish up down stairs because both bathrooms ...
Fernando Villareal
Can I rent out a house even if it's not completely paid off?
Hello everyone i'm new to BP!!! I am planning to buy my 1st house in San Antonio, Texas once I get out of the military. My question is if I put a down payment on a house say 20% and it's not completely mine yet. Am I ...
Sebastien Hitier
what is a normal upfront cost of a mortgage?
Hello BP.The best I could get for commercial mortgage with my credit and personal profile is 5.5% 5Y ARM. I am refinancing 5 properties at LTV 60%, loan amount is $395,000. Lender is a small local bank.The DD took for...
William Brock
4 roommates, aged 18,18,17,17 - how should they be handled?
Hi and thanks for any answers/advice in advance.So this is my first rental property and my previous home (bought a new home and keeping the previous as a rental), a 2,800 sq ft 4 bd 2.5 bath home and the first tenant ...
Wendy N.
Refinance 30-year FHA loan to Portfolio loan?
Hello BiggerPockets! Long-time reader, first time poster. I accepted Brandon’s 90-day challenge and closed on my first owner-occupied 4-unit property earlier this month and I’m moving in this weekend. We decided to ho...
David Yuhaz
Tenant left big mess with big repairs to fix
Hello, Just received a repair quote for my management company 4k and the house looked liked they never cleaned or maintained for the 4 years they were there. My wife and I agree that it is going to cost a lot more to...
Max Emory
Take a Hard Look at Your Expenses to Increase Cash Flow
For some, the easiest way to do this is to go through the past 3 months of bank and credit card statements and mark each expense with a letter or highlight them. I got this method from the Profit First system. (They m...
Dale Bertrand
Bachelorette weekend booking?
We have a VRBO request to rent our house for a bachelorette weekend. The booking request is for 6 people and they assured us they will be using the house “as a place to come back to at night.” Would you accept the boo...