Aaron Oetting
OPM for purchasing land
Looking for suggestions on how to use other people's money to purchase land. Then have new construction built on it. ideally in a way that I can use the land as the 20 down after the construction loan is done.
Jacob Wiltshire
Seller Financing to Mortgage
Hello, So I am looking to do a deal with seller financing. It’s looking promising. My question is at the balloon time can I refinance into a mortgage using appraised value or does it go back to purchase value for a ba...
John Garcia
My First Investment and I want to do more!
Investment Info:
Single-family residence buy & hold investment in Tomball.
Purchase price: $136,000
Cash invested: $44,000
I was able to assume this loan through an assumption loan. I am current...
Colby Cooper
Rental Property Investor Structure
New member here to the Bigger Pocket family. Interested in learning how to structure rental deals with partners? My Scenario: Own and manage (2) 4-Plex buildings. Looking to add a 3rd unit within my complex, however...
Hugh Thompson
Not making financial sense
So I have spoken to a few "investor friendly" lenders for the past few weeks. Rates for Non-QMs, Hard Money, DSCR loans etc...are ranging from high 9s to just below 12%. That is with fairly good credit and at least ...
Daniel Phelan
Down payment
I have one rental property and am looking to get more but don't have the down payment for more properties is there a way to buy more properties without putting down 25 % I have excellent credit. Don't have a lot of...
Valentin Diaz
BRRRR Strategies Hard Money
So I was wondering when using the BRRRR method, how exactly am I paying the hard money lender back. If they lend up to 75% of the ARV? After the rehab, I refi, but that wouldn't be enough to completely pay off the har...
Jennifer Turner
Almost Perfect Pandemic BRRRR Deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $112,500
Cash invested: $5,428
3 bed, 1.5 bath SFR. This was an off-market purchase from a distressed homeowner who...
Chalachew Mengistu
Used heloc for down payment. Is the interest tax deductible
Hello BP family,
I have used my heloc, backed by my RESIDENTIAL property, to buy a rental investment property. I'm doing income and expense for this rental property for 2020 taxes. Is the interest paid on the heloc d...
Jonathan Ranes
Im a little confused about the brrr strategy, about the refinance
The brrr strategy sounds great, but according to Fannie Mai don't you need to have the property seasoned for at least six months before you can pay yourself or a hard money lender back through a refinance?