I Just closed a cash out refinance on a 6 plex I own in New Orleans. I am switching my strategy a little bit on this refinance. I love the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) but have always done the B...
The older I become and the more responsibilities I have, I've become more adverse to risk. I know generally risk=reward, you can't fly if you don't try, you can't expect to excel or stand out if you keep doing what ev...
Hello Bigger Pockets!My name is Scott Cook and this is my first post.I’m brand new here and I am really looking forward to becoming a part of this community – continuing my connections with other investors that I alre...
Hi All -My name is Lauren and this is my first post on the forum. I have been making my way through the video library and they suggest introducing yourself here, so I figured I would heed the advice :) I am new to rea...
Which of the below strategies would be best? Or what other ones do you have that would be better?
1. Prequalify for hard money loan. Get loan, do light fix up. Hold until able to sell to a consumer
2. Prequalify f...
We just purchased an 89 unit property in Jacksonville, Florida. The JAX market is pretty crazy and Costar is projecting 15-25% rent growth for 6 quarters straight. For comparison, we budgeted 3% annual rent growth. ...
Hey BP,
I applied for a mortgage with a lender I've used before. He was recommended to me by a friend and realtor. We did not use said friend's realtor services for this transaction.
Friend contacted my dad because ...
Hi, everyone. Long time follower of BP, new poster. Anyways, I'm wondering what peoples thoughts are on the best way to take advantage of market conditions during these tumultuous times, from scratch. I understand the...
Foreclosure vs short sale.....pros and cons, ease of purchase, time to close, negotiating price, obtaining financing, etc etc..looking for as much feedback as possible.
scenario:Let's say I find a home valued at 100k and the seller is asking 65k to purchase the property.This 35%LTV right?If I am correct and I find a lender who requires 25-35% LTV to fund the loan will the lender fund...