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8 July 2024 | 11 replies
lol.Yeah, it sounds great if people can actually pull it off and there are avenues to get it done.
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8 July 2024 | 5 replies
Given that many people have said the average price to build in California is $200 and above per square foot, I became worried.Do you think building a 2-bedroom, 1-bathroom home measuring 550 sqft is feasible at this cost?
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8 July 2024 | 9 replies
Hi Jada and Welcome,I believe in coaching for some people and not for others.
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7 July 2024 | 15 replies
Hey BP people, I created a spreadsheet to help underwrite and analyze airbnb and short term rentals.
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7 July 2024 | 11 replies
These forums are a great place to learn and meet people, whether you're just starting out or you're a seasoned investor.
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7 July 2024 | 35 replies
They told me that they like to lend to people with solid experience.
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7 July 2024 | 19 replies
Most people prefer a detached property with some land on it because they're easier to resell than a duplex one.
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8 July 2024 | 16 replies
They will not use the income if you don't have those lined up by closing.Tons of people do this, and I also did the same thing earlier this year.
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7 July 2024 | 5 replies
Some real quick items here:VA Loans are for Primary HomesYou can use VA Loans for 1-4 unit properties (House Hacking)VA Loans have 0% downpayment (most of the time)You can have more than 1 VA loan (some people don't know that)VA Loans do carry a "funding fee" which is like a little "tax" to write the loan, but it is waived if you are a disabled veteran.VA Loans do not have PMI (and that's a huge benefit for us)VA Loans also have a very streamlined refinance feature (called a VA IRRRRL) which makes it super easy to refinance if rates were to fall (hopefully that will occur in the future)VA Loans can also be used by a surviving spouse.The VA may not give us the best health benefits but they can certainly get us into debt!
8 July 2024 | 9 replies
Please come back and post a follow up, even fi you wind up losing money on the transaction, because it is a good opportunity for new people to learn how difficult flipping a house and turning a profit can be.