Hello!I am a beginner investor looking to purchase my first property. I have been doing lots of research, but am feeling a little stuck on making the first move. I have been listening to lots of webinars and reading b...
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All – Getting ready to (hopefully) purchase my first rental property. Found it on a listing site so it would not be through a realtor. Person is asking around 70% of the value, at my initial look there’s some work tha...
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Hi everyone,This is my first time posting and I had a question regarding DSCR cash out refinancing:Are the DSCR loan amounts calculated strictly on the debt service ratio or does an appraisal come in to play? Reason f...
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I have been on the sidelines for over a year trying to gain as much knowledge as I can, but as most of the guest from the podcast are saying I just have to go for it at some point. I have this one property I’ve curren...
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I may have found my first investment property! I am very excited as I think it will be a great investment opportunity. It is a duplex with a purchase price of $250,000. Estimate cash flow is $400 per month as is. I pl...
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Can you cast-out refinance when using an FHA loan? And do you need to convert to a conventional loan?
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Hello,My husband and I are new landlords, just bought our first in October. We are located in Newark, NJ in an area where a 3 bedroom goes for 1300-1800 and a 2 bed goes for 700-1100 ish. When we bought the place, the...
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Hi all, great site and many helpful resources. My first post, thought I would share some info on my recent (still in progress) flip. It's our first flip, but we own 3 other properties that we rent.Found a good deal ...
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I listened to BP podcast 217 on the 80/20 principle with regard to RE, and am also familiar with how this principle applies in a number of areas outside of RE and business. The general principle is that 80% of profits...
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My name is josh I am a new investor. I have an up/down duplex under contract and will most likely buy with 5% conventional. There is a section 8 tenant of 14 years upstairs and wants to stay. I plan on fixing up the p...