I’ve had a plan for 3 average rentals in 5 years to get started. I’ve been looking at $225k-$250k. I haven’t looked for home runs at all. Until this deal fell into my lap, and I got my offer accepted. This home is $300k. I can barely afford it with around $150 a month left after my base pay. I ju...
Hey BP community, I'm a broker in the Phoenix/East Valley market with two small investment condos I'm listing directly, and I'd love a sanity check from people who buy this asset class regularly — am I pricing these right, or is there something I'm missing? Property 1 — Price: $159,000 (appraised...
I am 25. I’ve made 90-100k for the past 3 years, but since the real estate market has been so hard to reach I’ve been pouring into retirement. Now I found a property I think makes sense at 109k in a rural area but a market that supports my plans. I only have 15k cash even if I pull out of my brok...
Hello BP My wife and I are taking the steps to getting into the game. I would like to hear from all pros any and all advice. Our plans is to get into the multi family. We have pulled the equity from our home started the LLC.
My fiance and I are looking to buy a house in Pembroke Pines FL. We are planning on living in it for a few years and then renting it out. I was curious if anyone could offer any advice or recommendations on houses in Pembroke Pines. The houses we are looking at are in Pembroke Pines near the Pemb...
Hey all — first post, mostly here to learn. I’m a server at a fine dining steakhouse and own a condo in Nashville that I rent out. It doesn’t cash flow, it’s really an equity hold at this point. It’s taught me a lot, but I’d rather not have my next one be the same story, so I’m trying to move tow...
At it's basic level: Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verification Both have risks, but it's n...
With the Tampa Bay Rays planning their new stadium on the Hillsborough College Dale Mabry campus — right near Raymond James Stadium — I’m curious how other investors are looking at the surrounding Tampa Bay market. I’m Josh Ray, a real estate agent with Investing N Florida and investor in the Tam...
Hi BP community. I have a question about selling and buying. I owned 1 duplex and 2 SFHs in Miami, Fl, but recently sold 1 SFH and looking to sell another SFH due to Section 121 rules (to avoid capital gains). Not thrilled with selling this SFH since it has a 3.25% mortgage. The property has a 45...
Hello All, My name is Alex and I'm a newish investor in PBC and points North. I joined Bigger Pockets to scale my portfolio.
As a realtor and investor, I have personally used DSCR financing many times and have represented clients who have used the same type of financing on their deals. In a high interest rate market like the one we have now, it's very common for buyers to shop around for the best DSCR pricing. While it...
I’m 22 and looking to buy my first property in the East Valley/Phoenix area. My goal is to house hack using an FHA loan, ideally purchasing a 3–4 bedroom property and eventually building a rental portfolio from it. My biggest obstacle right now is the down payment and closing costs. I have some s...
Looking for feedback from anyone who has had experience with GroundFloor either as an investor who purchased equity in one of their loans or has used them as source for funding. Thanks.
I'm still surveryin my options as I'm about to get into my first rental property. I live in south Florida where everything is pricey and I've heard of people going to auctions to buy homes that were foreclosed. What is the benefit and downsides of this? What does someone need to know before going...
Hi all! Looking to connect with agents and property managers in the Birmingham AL area who work with investors. Thanks!
Hi, Can someone link the multi family calculator you use? Grant Cardone has one but it's not free. Does bigger pockets have a free one? Thank you
Hi all, I need some help. I just dive into mcy first flip project. It's a 3/1 cape. I purchased at 76.5k put 68k into renovation with an ARV of 218k. I purchased with the intention of flipping to help scale my real estate portfolio (I currently have two rentals), but with a secondary exit renting...
I have money to invest. Thinking multi family. I have 100,000. The question is - and I know it depends, but could I beat what I get putting my money in a mutual fund tracking the S&P 500?
I have a deal right now with good ARV seller wants to sell sight unseen no inspection . I’m having a hard time dispo this deal . I have pictures of the property . For my fellow wholesalers what’s the strategy here has anyone dealt with this ? If so how do I handle the contract and exit strategy ?
Most of us have at least one property locked in at a rate we'll never see again. The frustrating part is that those are usually the properties with the most equity, and refinancing means giving that rate up. A second lien solves it, and I don't see it discussed here much. How it works. A second m...
You don't always have a lead problem. Sometimes you have a follow-up problem. I've been studying how real estate businesses handle leads, and there's a pattern I keep noticing: A lead comes in. Someone responds. Maybe they have a conversation. Then the lead goes quiet. And that's where the proble...
Before I make an offer I force three numbers so I don’t buy hope: 1. Cash flow — rent in, full expenses out (vacancy, repairs, insurance, management, debt service). 2. Cap rate — so I can compare deals across markets without financing noise. 3. Max offer — back into the price that still works if ...
Given the interest rate hikes, in my area, new england (MA, RI, CT, NH), I am seeing 7% interest, 25 to 30 year ARMs, 75% LTV for down payment/construction funds. This is financing from my local credit unions / banks at 5, 7, or 10 year ARM. At the beginning of the year, I was seeing around 6% in...
I'm a mortgage broker in Utah and I do a lot of DSCR. Figured I'd write up the things I watch blow up files, since most of them are avoidable if you know about them going in. Rent documentation mismatches. Lenders pull rent two ways: the appraiser's 1007 market rent schedule, and your actual leas...
Investing isn't hard really, if you know the right questions to ask and you can get those answers. The tools I use are available for free on request so you can make the most of your efforts. We look at the numbers and they tell the story. Don't buy into the malarkey "the dog ate my homework". The...