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Hey all,I recently asked the loan officer I'm dealing with for a breakdown of what I'll need for closing cost aside from my down payment. I am doing a FHA loan. This is what he wrote to me and just want to make sure t...
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Got a 2/2 cottage under contract, and the inspector reports that the water pressure and drainage is not great because of the original galvanized pipes. This isn't a job I've tackled before, so my questions are:(1) Wha...
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Hello fellow BP'ers,
I have a lead on a property in Tuscaloosa, AL. Being in California I am not familiar with the market and can't get there quickly to do an evaluation.
Here's the gist of the lead:
...
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Hi all,
When i search homes on mls.com in Buffalo and sort from lowest price to highest, there are several pages of houses for $1000. What's up with that?
I understand that there's a large number of houses slated for...
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I am considering the purchase of a duplex (my first rental purchase).
I have run all of the numbers on it, and found the following.
Based on current rental income and asking price, the cash-on-cash retu...
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Hello Everyone-I am in the process of trying to acquire a mixed-use building in my area (that is mostly in disrepair) via a master lease option. To make a long story short, the person who acquires or purchases this bu...
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This thread is going to be an account of a real estate rookie looking to find, fund and rehab a residential property in the MD/DC/VA area. In this case, my first property is likely to be one that's been referred to m...
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Biggerpockets,I just bought a home through conventional financing a few months ago. Now I'm looking at a duplex that I want to get a conventional loan on but make it my investment property. In order for me to get this...
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I am new to real property investing. My experience has been with platforms like Fundrise that does the work for you with their own portfolio. I make 16k a year with a roommate that makes 9k a year, for a total annual ...
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Life has thrown me few curveballs so I'm just making sure my rationale is good here...I am currently under contract for an ~2000 sq ft (total) triplex that consists of a 1br/1ba separate unit (700 sq ft) and a duplex ...