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Results (10,000+)
Albert A. Is House Hacking in California feasible with traditional financing?
2 August 2024 | 15 replies
They all lead to a significant negative monthly return due to one or more of the following reasons:1) Asking Price is too high2) Traditional loan rates (FHA and Fannie Mae) are too high and affect total debt payment3) Existing rents are too low, so loan underwriters won't approve.4) Market Rents aren't high enough5) I would like to use the minimum down payment with FHA (3.5%) or Fannie Mae (5%).So, from all of these attempts, my understanding is the only way to make a house hack work in this region where I would at least breakeven on a monthly basis, is to purchase at a significantly lower price, lock in a nice creative deal or bring up my down payment to at least 20%.
Collin Reichelt New to Bigger Pockets and Real Estate Investing
5 August 2024 | 7 replies
I am especially interested in learning to master the BRRRR method, but also ready and willing to use traditional methods to build my portfolio.
Vivek Kumar People asking to lease for corporate lease or AirBnBing
6 August 2024 | 8 replies
Research local market rates to determine how much more you can charge; often, Airbnb properties can command 20-50% higher than traditional leases, but this varies by location and demand.
Michael Kaminski Closing on new primary home before current home sells how to avoid dti issues
5 August 2024 | 15 replies
@Michael KaminskiIf your existing home is on the market the bank could do a traditional bridge loan which is short term and gives you time to sell your home - just want to make sure you have plenty of equity that when it sells it can pay off that loanWhat state you in ?
Drew Herzog Im 18 and just starting out
6 August 2024 | 4 replies
Investing in a syndication or fund could be a good fit given your situation.I started investing in some fix and flips and some smaller residential properties from traditional BRRRs.
Rafael Espinoza When doing BRRRR, can the refinance be into a primary residency?
5 August 2024 | 1 reply
Would this be advantageous at all when compared to a traditional BRRRR and keep it as an investment property?
Matthew Gentile How do the numbers make sense?
6 August 2024 | 29 replies
These weren’t traditional “tear downs”.
Micah Dean DSCR Explained Simply
5 August 2024 | 6 replies
These loans are non-conventional, making them much easier to qualify for compared to traditional financing options.
Daniel Torres Our first deal! What now?
5 August 2024 | 7 replies
Would this be a flip, brrrr, traditional Rental, owner occupied?  
Trevor Smith Make an offer before finding a hard money or PM lender?
6 August 2024 | 16 replies
I am talking about more traditional real estate.. like when I am selling one of my new constructions they must have a pre qual from a lender I know and trust.. if not I wont sell it to them.