Arthur Banks
FINALLY!!! Closed on my 203K.
I plan to write a very detailed blog on my 1st experience using a 203k loan, but for now, I wanted to shout at the top of my lungs, that I FINALLY closed July 3, 2014 on my latest acquisition. A 2 unit - each unit, 3...
Dave Silva
work-around to avoid workers comp on myself
I'm looking at a renovation project that I would live in for a couple years. The bank requires a licensed contractor to do the work but I can work under him for whatever I want to do myself. The guy I have in mind s...
Nino Alfano
Evaluate my Deal!
Offer Accepted finally. Closing date un sure (feb 1st?$The House:
2/1 889SQ Full Walkout Basement Plus Finished Attic. Detached Single Car Garage. The Numbers:
Listed Price: 129,900$Purchase Price: 119,500$ (7 count...
J. B.
Tenant damage; low remodel bid; high remodel costs... Now what?
Age 40. Owner of a singe-family rental homePurchase price 15 years ago: $200,000 (zero down payment)Current value: $400,000+Current mortgage: 20-year fixed with 19 years remaining @ 2.875%Seeking advice and opinion...
Stuart Cairns
Issues with PMI
Hi GuysI recently looked at a property with great potential. I have some personal issues which this would have addressed (would have been owner occupied). It would be my first investment property and this was a perfec...
Daniel Ryu
Hybrid flipping idea - You do the flip / you and owner split profit
Hi BP..Just wanted to see what people thought of this idea:Problem - Out of state investor OR someone who has a different primary resident wants to sell home but has deferred maintenance to the tune of 30 or 40K. OWNE...
DeShawna Travillion
First-time Homebuyer turned First-Time Developer??
I have never purchased a home. I have Excellent credit and roughly 15k in savings. I make a decent wage. Ideally, I would like to purchase a duplex or MF, live in one unit and rent the other(s) out.But then I had the ...
Ray Li
BRRRR in MFH with tenants
When people buy rehab and refinance a partially occupied MFH, do you refinance immediately after you rehab the exterior and the vacant units and rent it out? Or do you rehab all units, vacant or occupied (when their l...
Hamilton Sutton
Live in Renovation with Friends?
Hello,So I've been out of college for about 2 years now, living in the Denver area, and have been looking to purchase a live in renovation with two close friends of mine. I will try and provide a brief summary of our ...
Ben Leybovich
Is It a Bubble..."!?!
Perhaps this is a better topic for a blog post, and perhaps I'll do that. But - is there a bubble or isn't there? Should we keep buying, or shouldn't we?On one hand, prices are outpacing income growth. On the other ha...