Next, $100k might fund a second position rehab loan to a local flipper but it won’t go very far toward a first position purchase money loan.

Managing 150+ units for a few years has given me the reps needed to feel confident purchasing large assets. 

I read about people who purchase a property, obtained some equity, and used the HELOC on that property to buy their next.

We had a recent FHA quote with 3.5% down in the high 5%’s..What do you expect from the purchase and refinance markets if rates drop by 1%?

And I am not sure if that's because luxury property rentals just don't have the same ADR here in comparison to other markets - in a lot of other markets even as far as West Virginia in harpers ferry you can easily charge $800+ in those markets, whereas inWe haven't purchased the area in Airdna or Pricelabs as we are just looking at the data at a high level right now before we commit to that one area since we are looking at a couple of other properties too.

PURCHASE PRICE AND MORTGAGE: I purchased the property for $270,000 put 25% down, and it appraised for $290,000.There is a complete identical property to mine directly behind my unit and it sold about a month ago for $280,000 the same day it was listed.

Hi everyone,I'm ironing out my investment strategy of purchasing multi-family rental properties, but I'm a bit stuck on choosing the location.

Hi BP community, New investor here recently purchased my first investment property (duplex) in Fort Wayne!

Timing Rules: You have 45 days to identify potential replacement properties and 180 days to complete the purchase.3.

Purchase price is 1 million.