Hello BP, I have a question regarding hard money loans and the debt-to-income ratio. I want to use a hard money lender to purchase a medium-sized multi-family property for buy and hold purposes. After the rehab, I wan...
Hey folks,My name is Nick Wilson and I am a high school teacher from Philadelphia, PA. I have been listening to Bigger Pockets podcast and reading blog posts on the website for well over a year and really want to enga...
Hi all,I will try to cut through the fluff and get right to it. I have a quadplex that I am going to submit an offer on however I wanted to get feed back from everyone. Lots of factors here, some manageable some not...
Can anyone explain me the difference between Private Lender and Hard Money Lender ?What are the Pros and Cons of each ?Usually, what will be difference in terms and conditions between them ?When do you chose Private l...
Hey BP! After some insistence from some friends to meet their realtor because they said ours were quoting us too low (we are putting our house on the market in 3 weeks) we were very impressed with her and now want to ...
Hello Team,
I wanted to jump on here and see if anyone had any information regarding section-8 housing. I have been doing some research on this type of income stream for rental properties, and the numbers are lookin...
Hi BP Fam,Just wondering if anyone can help send me the right direction. I'm ready to make my next home my primary residence to qualify for low DP programs (ideally 0% DP). I've heard that some programs have a price l...
What does multifamily underwriting look like now given what we know so far of the impact COVID-19?I know there are very few new transactions going under contract right now given the huge amount of uncertainty that sti...
Hi members,
If you are not familiar with local area cap rates, what will be a safe range for it?
Assuming it's a multifamily property (under 24 units) in a C neighborhood (not a war zone), built year is...
Last Saturday I signed the lease on the second property I bought in the past 3 months. It has been such a busy but rewarding journey so far.A bit about myself: Working full time in New York City, Live in NY State West...