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Results (10,000+)
Arthur Vivero wholesale deal under contract - private lender to buy the deal ourselves for flip
3 April 2024 | 0 replies
this is me and my partners 1st deal we got 14 days to find a buyer/ or find another exit strategy.My question is, how can me and my partner work with a private lender to get this deal closed if our buyers we made contact with are not serious about closing but we know there is money to be made in the deal!?
Michael W Moore Nice to meet you!
2 April 2024 | 8 replies
I am reading the books, watching the YouTube videos, listening to podcasts, only thing left to do is physically meet like minded people.
Lupei Chou Warrior's of Wealth Coaching, anyone with experience?
2 April 2024 | 18 replies
I just watched their video on Wholesaling and have been offered to buy the course, so I'm wanting to see some feedback from others who have joined. 
Johnny McKeon Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
3 April 2024 | 5 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 AZmy 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?
Olu Oguntoyinbo Investors in Houston
4 April 2024 | 4 replies
Property 1100 sqft, 3bed 2 bath in Spring Area , is making $1400 in rent20% down = 38kLoan Origination, Closing cost = 5kLoan is 7.8 % ( investment interest is little higher ) out of 152k ( 190-138 ) = $1100 / month ( use mortgage calculator on google to calculate )Now add insurance 1200 / yearTaxes 3300 / yearProperty manager 1200 / yearThis is additional $475 per month, bringing you to a total cost of $1575 this is without repair reserves.
Jace Moe New to BP!
3 April 2024 | 17 replies
Just in the research stage and processing all this information has been overwhelming ( In a GOOD way) I already know, San Diego is not the place I want to purchase, so I'm looking into Midwest areas, close to other family members.
Paul Baldwin Basic formula for estimating rehabs
4 April 2024 | 11 replies
You'll only get into trouble by trying to guess on your own.Best thing to do is to hire a good General Contractor that has (preferably) decades of experience - no newbies or Handymen, Etc...They should be able to walk a property (< 1 hr) and give you a rough, but pretty close, price.
Stanley Zeng Rehabbing & House Flipping in Staten Island in 2024
4 April 2024 | 5 replies
Some of the other people I would want on my team are contractors, insurance advisors, bankers, loan officers, asset protection attorney, business structure attorney, home inspectors, a closing attorney, and title company.
Joseph Fenner How does the financial side work when house hacking out of state with an FHA loan?
3 April 2024 | 16 replies
You'll need a 580+ credit score, 3.5% down payment, closing costs (2-4% of purchase price depending on credit score and state), and a DTI of no more than 57%.
Jaime Powell Commercial Loans - Augusta, GA
3 April 2024 | 3 replies
@Jaime Powell - hey, we are based in the ATL, and I've closed several loans (fix/flip, rental, STR) in the Augusta market.