Havan Surat
Hard Money Lenders with 100% Financing
25 June 2024 | 18 replies
You might expect, 70-75% LTV on the purchase and 100% of the rehab financed.
Marty Rogachefsky
Prepping a House for Section 8
25 June 2024 | 18 replies
I purchased a SFH in Cleveland, Ohio and I’m having trouble renting it out.
Amy Denzler
Tired of Shenanigans. . .seeking a network in Cincinnati
26 June 2024 | 11 replies
Why do you think purchase contracts are so long and have such small print?
Richie Schembechler
Use HELOC/ Roth IRA money or delay investing in real estate?
25 June 2024 | 4 replies
I'm curious on thoughts surrounding using HELOC/ IRA/ Roth money to purchase rental property if I find the right opportunity vs delaying for a while to save up extra cash.
Ryan Donohue
Pre-Foreclosure > ShortSale > FixNFlip
25 June 2024 | 0 replies
Purchase price: $130,000 Cash invested: $175,000 Sale price: $550,000 Full Cycle Pre-Foreclosure > ShortSale > Fix N Flip
Dana Kennedy
Housing Choice Voucher (section 8 housing)
25 June 2024 | 2 replies
Considering purchase in Georgia market that is currently rented as Section 8.
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
25 June 2024 | 8 replies
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?
Rachel H.
Rent to Tenants with Large Credit Card Debt?
26 June 2024 | 19 replies
It could also be from purchases at 0% or very low interest.
Aqsa Mughees
Need guidance for house flipping
26 June 2024 | 12 replies
Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.
Tyler Puzio
Buy and Hold
25 June 2024 | 0 replies
Purchase price: $250,000 Cash invested: $62,500 Buy and hold investment.