Mot asking for a loan or specific lender, but I'm really asking how this type of situation is handled.All the traditional banks I've talked to won't lend to you if you have 10+ mortgages.All the hard money lenders off...
Hello! I know traditional property managers in Michigan need a broker's license (or to be an agent under someone w/ their broker's license) to manage other people properties. But does this also apply to managing STR's...
Hi BP community,I am new to BiggerPockets and thought it'd be good time to introduce myself, cause I will be here for awhile;) My name is Jarett Tigges, I live in Albuquerque, New Mexico and currently attend the uni...
Hey BP!I know when analyzing deals, its critical to account for vacancy %, repairs %, CapEx to cover costs. Is there a rough estimate that anyone is aiming for? For example, if I did a remodel on a home and replaced e...
I am a new member, Ill start with that :). I currently have a property in AK that after expenses are paid provides $250 in positive cash flow. The property's market value is roughly 305K and I only owe 228K. After cl...
I’m looking for our first rental property and have concluded utilizing the BRRRR strategy will be the quickest way to build a portfolio, but what if the property doesn’t fit in the pretty little box?
Besides being the...
I hooked up with a seasoned investor that has lots of experience flipping homes and I'm looking to do my first deal in southern California. In speaking with my mortgage broker he has a loan vehicle that will allow me ...
I'm currently looking at a property that is rented out to a tenant, with the lease ending March 2015. The rent is below market ($1050 when you could easily get $1200), due to the fact that the current owner knows the...
Hi all, my name is Ali and I'm new to REI. Just caught the webinar hosted by Brandon Turner earlier today and got some great pointers. Looking forward to learning and taking first steps towards investing.
I was wondering if you folks are deducting mileage expenses from driving to and from your rentals, for the purpose of showing the property, placing tenants, and doing repairs. To clarify, this is not with a business '...