19 July 2024 | 4 replies
I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.
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19 July 2024 | 12 replies
Currently, looking at some properties that have renters in place already.
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17 July 2024 | 5 replies
I currently own a property under a USDA loan, which has $100k in equity and generates $250 a month in cash flow from rent.
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20 July 2024 | 8 replies
Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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20 July 2024 | 15 replies
If your orders show that your active duty is ending within the next 12 months, a Conventional or VA loan program won't be able to count the current military income to help you qualify.
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22 July 2024 | 18 replies
I have worked with EasyStreet in the past and have closed loans for my clients using their program.At this time, I am currently using a different program for short-term rental purchases and it has been performing really well this year.
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19 July 2024 | 11 replies
@Chris Low.. thats exactly what I was thinking: phone calls about lost or not working remotes.
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19 July 2024 | 2 replies
I currently rent to up to 10 people however, most rentals don’t include more than 4-5.
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20 July 2024 | 9 replies
Currently own one long term buy and hold single family property.
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20 July 2024 | 21 replies
I've sold over $200 million dollars worth of low value properties like this.