Nick Coral
Loan options for multifamily rehab
Hello!I acquired a property in a downtown area in Maine years ago and was naiive to the issues with the note. Long story short: I have cleared the note, and have worked hard to get the building to 11/12 units rented t...
Teri M.
Hud-1????? Double Close
Not Getting the Hud-1 thing! If I am double closing using flash funding in the 1st transaction then 2nd closing with investor that brings all cash, why is hud-1 involved in second closing? Doesnt hud-1 have to do with...
Doug Price
Investor Fuse 2.0; It is not ready!
So I previously wrote this forum post about IF 2.0; https://www.biggerpockets.com/forums/80/topics/679...Since that time I have made several updates on that post but I wanted to get another post out with a more accura...
Kelsy White
Using FHA Loan to purchase Duplex - Put down more than 3 1/2%?
Hello BP Community,
We are planning on purchasing a duplex to live in one of the units and rent out the other. I mentioned using a FHA loan and only putting down 3 1/2% so we could use the rest of the money we have s...
Kyle Scholnick
Depreciation still possible?
I am looking to buy a rental property turnkey. I understand some tax benefits should be money I used on maintenance and the mortgage, but the biggest one depreciation seems to be out of reach.Do most people still use ...
Grayson Gist
Why is DTI so hard to overcome?
Hey,Long story short is that I’m trying to buy a second Fourplex and lender’s are quick to say no. I currently own one SFR in Oklahoma, and one Fourplex in Kansas City that I owner occupy. My wife and I are trying to ...
Scott K.
Forced appreciation examples
I'm curious to better understand some of the nuances around forced appreciation while rehabbing. Some questions include:- When is it appropriate to add an additional bedroom?- When is it appropriate to add an addition...
Cade Mayer
More money down or lower monthly payment??
I am currently looking at a purchasing a 4 unit Multi-Family to rent out. It has 15 bedrooms and 8 bathrooms and has a rental history of $5600-$5800 a month for all four units. Say I purchase the property for $500,000...
Brian W.
Is my short-term plan good, bad, or crazy?
I am looking for my first deal on a single-family home to rent out and personally manage. I am planning on putting 30% down on a home around $100,000 - $110,000 with a 10-year mortgage that I can rent out for about $...
Jean H.
Need help structuring the finance on this BRRRR duplex
I have a contract on a house in Hollywood, FL for $348,000. It's currently a single family house with an unpermitted studio in the back that is rented for $700/mo. I checked with the city and it is zoned multifamily...