Daniel Picazo
Advice on the BRRRR strategy in Baltimore, MD
15 September 2017 | 2 replies
I was wondering if any of you all had investing advice or a relevant article for a new investor trying to get down payment funding for his next and first deal, or just advice for a young investor in my situation trying to make it in general!
Andrew Michaud
Should I fix up my multifamily or just sit back and earn cashflow
11 September 2017 | 14 replies
Would like a cash out refi which in this case I see pulling my down payment and a little extra out of the deal.
Account Closed
cash out refi vs heloc vs loc or all ofthem for 4 deals in a year
10 September 2017 | 1 reply
I forgot to mention this: The plan would be to use the Heloc, cash out refi and/or loc as the down payment for the mortgage that they offer.
Joe Kim
Newbie in LA! [Wholesale or Househack as first investment?]
21 September 2017 | 27 replies
You can wholesale and use the funds from your deals towards your house hack down payment.
Drew Denham
First duplex deal - NE Michigan - a good one?
12 September 2017 | 4 replies
. = $5510% MGT fee = $110Mortgage = $253, 20 year amortization @ 5% Taxes $116 per moInsurance $75 per mo total = $719 per mo2% rule = 2.20%Capex = 15%CoC = 33% (turn key, est rehab to be $1000-1500 - new appliances, needs a few new doors) , $2000 closing costs, $10,000 down payment) The duplex does only have 1 furnace and 1 water heaterMonthly cash flow = $381 Am I missing anything?
Aaron L.
Financing a primary residence...Please help!
11 September 2017 | 15 replies
And all other low down payment options are off the table.
Darian Richardson
Second Deal financing for Multi-Family
13 September 2017 | 11 replies
I used a FHA loan with a 3.5% down payment, from my understanding I can only have one FHA loan until the other is paid off.
Scott Shold
Illinois homestead exemptions for rental by family members?
11 September 2017 | 2 replies
From what I can read in the tax code it seems possible with the homestead exemption here:This annual exemption is available for “residential property that is occupied by its owner or owners as his or their principal dwelling place, or that is a leasehold interest on which a single family residence is situated, which is occupied as a residence by a person who has an ownership interest therein, legal or equitable or as a lessee, and on which the person is liable for the payment of property taxes
Steve Kozmeniuk
New and need help!!!
19 September 2017 | 12 replies
You will still need anywhere from 20-30% to get into any Canadian deal if you do not have the down payment nobody will give you anything..
Eric Knight
Need advice on buying a home
17 September 2017 | 3 replies
I am about to be a first time buyer, don't have the money for a down payment but I have very good credit and the bank has agreed to finance me 100%.