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7 June 2024 | 4 replies
I'd love to scale upwards to those mini-multifamily properties of 8-12 units, but I think taking some baby steps first will help learn and be better prepared for those larger scale properties.
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9 June 2024 | 3 replies
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing- Contract For Deed- Seller Second Lease Option And Lease Purchase- Seller-Assisted Down Payment- Wraparound And Assumable Mortgage- Gift Funding- Selling And Refinancing Existing Assets- Non-Occupied Co-Borrowers- Using 401(K)- Temporary IRA Transfer- Pledged Asset Mortgage- Equity Transfer And Bridge Loan- Employer-Assisted Mortgage- Lender-Funded Buydown- Fannie Mae’s “My Community Mortgage”- Running Scenarios With Automated Underwriting Systems- Adjusting Amortization Period To Lower Payment- Adjusting Interest Rates To Cover Closing Costs- State, Province, And Local Grant Or Bond Programs- Mortgage Credit Certificate- Private LendingHe said these options barely scratch the surface.
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9 June 2024 | 4 replies
Purchase price: $95,000 Cash invested: $30,000This was my first rehab.
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9 June 2024 | 6 replies
Otherwise, you'd need to based the financing based off of the purchase price (possibly plus renovation).Since Conventional rates change daily and the rates have jumped recently, DSCR rates actually are in similar range at the moment.
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10 June 2024 | 7 replies
I am currently on the journey to purchase my first property at 19 and have hit a roadblock.
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7 June 2024 | 2 replies
Hello BiggerPockets Community,I recently closed on a duplex near Florida A&M University in Tallahassee on March 31st. I'm currently living in one side of the duplex and planning to rent out the other side. The pro...
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7 June 2024 | 11 replies
An alternate perspective from someone in a larger city market - I am hesitant to put my STRs on Google maps.
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10 June 2024 | 15 replies
This is in all cases, not specific to this purchase.
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9 June 2024 | 8 replies
Hey all,I bought my first home (currently my primary) last year and am now looking to purchase a Long term rental property.
10 June 2024 | 7 replies
National Parks are a great place to purchase a STR since they'll always draw visitors.