All Forum Posts by: Bernard S.

@Christopher Price Hello Chris - I got some really good info but I am still holding.  In my case, my inlaws own the land so we took a step back to see how the pandemic evolved.  How is your project going so far?

@David Clinton III Interesting.  I will make it a point to bring this up with my broker.  

@Jay Hinrichs. Thank you for the added perspective.

Hello all, 

I was playing with notion of paying off one of my investment properties. Interested in hearing everyone's opinion on the pros and cons.

Thanks for sharing. I'm a triangle investor and was looking to branch out to that area.  Would love to network and open to any advice.  

Are you guys having trouble finding financing for investment properties due to the pandemic? I've worked with a broker for some years now and when I inquired whether it would be good time to cashout refi on a couple of my properties she informed that lenders are shying away from rentals.  What have been your experiences?  

@Jay Hinrichs. Thank you so much, Jay. I truly appreciate you taking the time to provide me with those very helpful nuggets!

@Greg Dickerson Thank you for the advice, Greg!  I am just getting started but that was extremely helpful.  

I may purchase about 6 acres of raw land from family within the next year or two.  The area around it has been developed (single family home communities) and it would seem that there may be an opportunity for me to develop the land (or sell to a 3rd party to develop).  I am in the process of "getting smart" on this topic and wanted to reach out to the BiggerPockets community to see if you all had any tips, advice, warning, resources, references, strategies, etc.  

I think gradual increases when there are upticks in the market are acceptable. That said, if I have a good tenant then I tend to be conservative with that.  However, if the tenant has been problematic, I always increase based on the higher end of the market rate.