Allyson Mitchell
House hacking, school, loans
1 August 2024 | 3 replies
If I still buy a house next summer but don’t start school until 2026 and continue to travel for work, I believe most FHA loans require you to not rent out your permanent residence for the first year following your loan?
Mary Eubanks
Rate of Return when flipping
1 August 2024 | 33 replies
There's no set amount and no stranger on the internet can tell you what should work for you.
Lucas Schlund
For Those Of You That Have Done Multiple BRRRR's, How Did You Finance It?
1 August 2024 | 8 replies
We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.
Michael Baum
Schlage Encode lock, interesting issue
29 July 2024 | 14 replies
I assume the lock works just fine to get in but I am 7 hours away and can't test it.
Ralph E.
Has anyone ever made any money by partnering with Charter Financial?
1 August 2024 | 22 replies
., which you in turn send to them, they tell you how much they'll buy the note for, then you tell the note holder how much you can buy the note for, by offering a bit smaller amount than what charter is going to pay you.It's says on their website that once the note holder agrees to sell, either the finder can do all the work, or they (Charter Financial) will do the work for no fee to me, to buy the note.I found out about this company years ago, know they have an A rating, with 1 complaint with the BBB in the last 12 months.I just want to see if anyone on BP has made money finding notes, annuities, lottery winnings, business notes, mortgage notes, etc., by referring the notes to Charter Financial for a referral fee?
Bryan Hartlen
Any recent experience with Insula Capital?
1 August 2024 | 4 replies
There are plenty of HMLs here on BP and other reputable companies to work with.
Sean Wilt
Lack of comps in rural area. Go with gut?
2 August 2024 | 2 replies
Appraisers depend on getting work from banks so they are not going to put their name to something that has no backing in fact.
Joshua Telles
Furnish Finder beginner
27 July 2024 | 7 replies
Traveling healthcare workers often work 2nd or 3rd shift so blackout curtains and a sound machine are nice.
Georgia Revilla
Any alternative sites to Furnished Finders?
1 August 2024 | 15 replies
We work in the healthcare field and aware of pay cuts to travel nurse salaries and contracts.