First post on the forums here so I figured a general discussion would be good. I am a naturally risk-adverse, perfection-oriented, control-oriented person and I'm sure there are others out there. I figure most of this...
Hey everyone,I'm a relatively new investor but I have been listening to bigger pockets for a very very long time. I've had analysis paralysis as some would say. I want to be 100% transparent so I will use real numbers...
Hello, My brother says he had a friend who used leverage to buy a bunch of houses, and after the housing market crashed in 2008, the banks demanded more cash from him due to the LTV being out of whack. He couldn't pay...
Hey all - just wondering whether folks here usually have builders risk when they're rehabbing a property (in addition to regular policy)? I'm referring to rehab of a single-family house.
Thanks in advance for your in...
I have an offer in on a property and I want to know if I am taking on too much risk.
The building will cost 70K with a down payment of 15K. Seller carry IO 55K for 5 years at 9%.
The building is 70 years old, with ...
Hello BP! A friend sent me the following opportunity;Miami Condo: 2/2 in a good area with excellent rental market.Asking Price: 70K, good conditionMonthly Rent: $1,300NOI: $635 (After HOA, Taxes, Main...
What if I use a hard money loan to fund a deal and the property sits? Should I lower the price?
I have been researching real estate investing for some time now. I am looking at markets in Colorado to wholesale in order to build up a reserve and repair my credit before expanding my buy-and-hold property portfolio...
I have several buy and hold rental properties and feel I have a decent understanding of my liability exposure and the actions I can take to mitigate and minimize any risks involved in that fashion of real estate inves...
I have a property where the basement has been made into a 2br 1 bath apartment. Ive been living there but im currently moving. This house isnt zoned for apartments so there is one electric meter and thermostat. I w...