Tyler Goulden
FHA vs 203K rental property calculator
Just looked at my first two properties today. Both 3plexes. One will need 50Kish worth of work and the other significantly less but still enough work so it won't qualify for an FHA loan. If I make an offer I want t...
Grant Doyle
Using a credit card for renovations?
I am closing on a four-plex in the next month and will be renovating it while I live in. I do not currently have a credit card and thought that using a card to pay for renovations would be a good way to start building...
Tyler Smiarowski
Awesome Bank Financing! Does anyone else do this??
I hear a lot of people on BP talk about that the best they can get for financing is typically 80% LTV. A local bank I work with will loan out 85% LTV on 4 units or less and 80% on 5 units or more...here is the kic...
Charles Elliott
Sell or Cashout Refinance?
I'm currently active duty military and am having to move next summer. I purchased my house last summer and have built around $80k in equity. My only hesitation on keeping the property is that I'd be having to manage t...
Sarah M.
I bought a house! Now how do I get the money out to BURRRR it?
Hello! Thanks to you guys I just purchased a rental property in Minnesota! It's a SFR bought for 60k cash. It appraised for 90k. My questions are: 1 - What are my options to get the money out to do the BURRRR method?...
Jessa Batylin
HELOC or Hard Money Loan
Hi BP’s- new to investing but not a complete newbie. A little background:Both my husband and I have been in construction for 20+ years, both licensed GC’s, hubby is a licensed plumber. Both self employed.
Not sure wh...
Thomas Rodgers
What to expect when planning to live in your first investment.
With my current plan to be living in the first house (SFH) for a year then moving to rent it out, what should I realistically be expecting to get on the numbers? The reason for doing this is get the lower down payment...
James Suleski
Cash Reserves(PITI/Cap ex)
Greetings All, I am a newbie investor and am currently living in the first property I plan to rent upon moving out. With this unit and future investment properties, one of the questions on the forefront of my mind ...
Elie Merisier
BRRRR method: How to use the 1% rule?
Im reading the BRRRR book right now and its talking about the 1% rule and how you can use it as a guideline to see which areas to invest and to save you time on going deeper into a deal.
Im not 100% sure how you woul...
Jeffrey Gordon
Applying the 50% rule to determine value
2% - 50% rule Question
Hi folks, I have heard this rule this week for the first time (THANKS) and have been reading all the forum posts I can find about how it is used to screen etc. Will bevery helpful in convinci...