I am looking at a single-family home in Laredo, Texas listed at 70k with an ARV of around 110k. My plan is to get an FHA loan, fix it up, raise the value, and then cash out refinance 80% LTV after 6 months if possible...
I am looking for advice on whether or not my plan is feasible or not. My brother and I plan on buying a 3 or 4 family house using an FHA loan and putting 3.5% down and living on the top floor. We will only do this if ...
When I first started thinking about getting into REI, my initial thoughts were to do live-in flips with the goal of being able to pay cash for my "retirement" house approximately 10 years from now, so I won't have a h...
Just had my first offer accepted (woohoo) and was planning to put 20% down - but Mr. Moneyman tells me I’ll get a full point reduction on my interest rate if I put 25% down.
I’m planning to BRRRR this so does this r...
Hey guys, so if you guys go to my previous post, you’ll see that I was debating on whether or not taking on a 180k short sale, 1959 build, single family 3Bed 1bath, 1.9k mortgage as my first long term investment. The ...
I live in Florida. My HOA management company (tower management, aka: space coast management, lighthouse properties international llc, lighthouse properties management south florida, lighthouse properties management gr...
Howdy,
Just curious as I am sure this varies from location to location. Given the current lending and credit climate, how much cash reserves would you consider enough to start a business flipping homes?
Would it be...
This is more of a tax questions that real estate, but the funds would then be investing in real estate.My plan is to set up a Solo401k before the end of the year, but have a few questions during the planning phase bef...
Have you noticed stricter lending rules for cash-out refinances this year? How has that changed what you were planning to do?
Hi Everyone, First time here on Bigger Pockets. I had always wanted to buy my first investment house, to fix up and rent. Opportunity came up in June 2022, off market so I used my HELOC and some personal family loans ...