After my lender telling me the bad news, my very next call was to that closing office.

View report*This link comes directly from our calculators, based on information input by the member who posted.

View report  *This link comes directly from our calculators, based on information input by the member who posted.The asking price is $220,000 (actually it is paired with another house and the total asking price is $440,000 (renters are in both)).  70% loan on $220K using BRRR = $161,000. 

View report*This link comes directly from our calculators, based on information input by the member who posted.PLEASE DISREGARD MY PREVIOUS POST. 

FYI: Once you open a $200k unsecured line of credit with Bank A, don't assume Bank B's offer will still be standing when that hits their updated credit report.

View report*This link comes directly from our calculators, based on information input by the member who posted.

#NEFAR March Real Estate Recap: Northeast FloridaFull Market Stats reports -~ Uptick in sales: 2,459 sales largest since Oct. 2018, but a 6.6% drop from last March.~ $229,900 median price highest since July 2018 and a 2.2% increase from a year ago.~ $267,500 average sales price; highest since July 2018; up .1% from last March.~ Sales brisk, 71 days on market average.~ Inventory scarce and multiple offers taking place in many cases.

Good news is rental income from what you are buying can help.

If you are making the sign a lease you could quickly run a background check and credit report - it doesn't hurt!

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi BP:I wanted your help in analyzing this deal.