Mila Makhanova
Only 5% down and no PMI, too good too be true?
Hi BP community, Looking to purchase my first property and slightly short on making 20% downpayment. Working with Quicken Loans and they are offering a loan with a slightly higher interest rate (about 0.5%) but only 5...
Daniel Soovajian
Question about including prepaid insurance in calculations
Hello,When plugging in #s into the "purchase closing cost" section of the BP rental calculator, you can click the "cost breakdown" link on it to plug in specific components (e.g. points, taxes, hazard insurance, etc.)...
Vincent Dimedio
BRRRR method question
Hey everybody trying to refinance my first BRRRR deal, bought house for 45k put 10k in had it appraised for 105k renting for 1250 a month. Trying to refinance now with a 30yr fixed but every conventional loan is requi...
Josiah Collins
Keeping some of the proceeds?
Hello everyone!
I’m going to be listing a rental property within the next several days, and I came across a 1031 exchange question I hadn’t considered. There are some up front costs such as inspections and HOA docume...
John D.
What are the biggest mistakes when converting to a duplex?
I am curious if anyone has list of common mistakes that people make when trying to convert a SFR to a duplex?Are there specific types of properties that work best for a conversion to a duplex? Are there properties tha...
Mike Thompson
When wholesaling who pays for the title company
When wholesaling a property who pays for the title company if you go to a title company as soon as you get your purchase agreement signed? Do you have to pay the title company anything upfront? Or does the person who...
Alton White
Do all Private Lenders ask for upfront fees?
I'm asking this question because I run across a lot of private lenders requesting upfront admin fees. Is this the norm or are the ones I run across scam artist?
Nadine Massarelli
Horizon finaincial Group: John L Herrick
Hello everyoneI was wondering if anyone here has worked with Mr. Herrick at Horizon Financial Group out of Dallas Texas. He seems to have an interesting hard money program but I have not been able to find any reviews...
Aaron Cappelli
How to get the second property
Hello!I bought a four-plex in October with the VA loan, so up front costs were miserable. Everything has been going well so far so I am thinking about buying another property! However, from my preliminary research, th...
Marty Happle
Hard money pitches
If someone advertises 650 credit score and 70%ARV on a hard money deal, doesn't that mean only closing costs needed for the applicant if the numbers check out? Would it be considered unethical (after a $250 applicati...