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I'm new to the hard money lending business and have just done a few deals with a good friend. I know enough to be VERY dangerous, hence my outreach to my much more experienced peers.
A local builder in my area is loo...
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Just curious if you have tips on lending on multi-plexes. Seems like some lenders refuse to do investment mortgages outside of SFHs, and sometimes duplexes, and most seem to refuse to count future income, so even if I...
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Background Information
1. Tenant is out of the apartment
2. Owes 7k +/- in back rent / heating oil
3. I have TAW agreement and a document he signed on the day he moved out stating he owes the above mentioned monies,...
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Hi,I have a question about the logistics of inheriting tenants in properties I'm buying. Specifically about how the leases get transferred to me as the new owner.Suppose I have a tenant who is on a long term lease tha...
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I have $340K left on my rental mortgage and I'm refinancing it now.Got 2 options:1). 30 years fixed at 3.70% or $1,565 monthly paymentOR2). 10 years interest only at 3.65% or $1,030 monthly payment.I have no W2, so re...
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So I decided to jump right in! I heard other podcasts on buying properties on auction so I decided to try it out. Low and behold, I was the highest bidder! It's a duplex with 2/1 upstairs and 2/1 downstairs. It's in C...
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Questions like these cause for a lot of variables. I get that. I'm looking for an answer from someone that has themed out a house before. Say your buying a house unfurnished. What did you spend when you were done? How...
I want to share my real awful experience in recent days for applying for apartment in Chicago !!!I am an international student graduated last December, and get a job in Chicago which start on March 20th. After my hous...
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When I first started learning about this stuff, I read many blogs that said cash flow first, everything else is a bonus. That has been a good safety net and has helped make me FI. However, that said I've also noticed...
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Hi.
My husband and I are new to Bigger Pockets and to rental properties. We recently purchased our first rental via short sale and are in process of fixing it back up.
We will be renting it to my parents (I know, re...