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26 February 2016 | 3 replies
Hello BP members,I'm a fairly new investor.I have one sfh.I bought cash here in Hudson valley NY.I rehabbed myself and am now renting it out,tenants are on their second year lease,things are fairly well,very good cash flow since I own free and clear.Im ready to move ahead.i have so many questions but will ask one for fear of confusing everyone.So I hear and read constantly that hard money is an option ( or heloc or he,loan)My aim is to buy at least two sfhs at once and rehab and hold.I hear hard money lenders will allow you to spread the down payments on each also supply rehab funding etc.After all is complete I understand the next step to be rate and term refi.My confusion is will it justify doing so even though a conventional lender will ask for down payments and closing costs for each home separately when trying to refi the homes now that they are in good condition?
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18 March 2016 | 25 replies
If you think about it, our agents/brokers are looking out for us so it's only fair we look out for them too.
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26 February 2016 | 3 replies
I am fairly new to Real Estate Investing (REI) as well and I am also Active Duty USMC.
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26 February 2016 | 3 replies
It worked out well for him, because he basically got a "turn key" house that he could "test drive" for a year before actually buying without much skin in the game on his end...
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27 September 2016 | 27 replies
My wife and I are looking for a similar project but for our next personal residence over in the Fair Oaks / Folsom area.
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25 May 2016 | 8 replies
I know this is a fairly old post but I just wanted to post my experience with Zumper so far, and that I'm not impressed.I created an ad two days ago and it's still not live.
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26 February 2016 | 9 replies
If he puts in 40 hours a week of work on the condo I would put in 10 hours of work a week, because that would make 50 hours of total work being done, 10 hours being my fair share.
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26 February 2016 | 1 reply
Also both units are in fairly good shape with long term tenants in each unit who seem to care for the units.
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29 February 2016 | 31 replies
I am fairly new to real estate investing and would like advice from more experienced landlords: Income: The application was from an engaged couple in their late 30s.
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29 February 2016 | 7 replies
I think it is fair to say the 7 year loan he is remembering was nothing like our fixed rate, 15, 20, 30 year term loans we have today.