Josh Harris
Newbie Investor Question
I'm looking into getting into real estate investing and have come down to two different investment options:
1) Is it worth using your entire savings for a FHA down payment on a duplex/triplex to house hack and taking...
Jimmy Woodard
Short term rentals for newbies
I’m sure this is the 10,006th novice post on here, so I thank you in advance for your help. My friend and I are starting our journey to find great properties that we can turn into short-term rentals. We believe this i...
Andrew M.
For a friend: loan options for 7th house
I have a close friend who's shopping for financing on his 7th home. Mortgage professionals are looking for far more reserves and qualifications for this home. it was explained that this happens after you have 6 homes ...
Darek Drake
First Investment! Converted private residence to my first rental :-)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $187,000
Cash invested: $14,000
Sale price: $187,000
3/2 SFH. Acted as primary residence until 10/1/2022. Curre...
Sean Chua
Reserve Amount - House hacking in Atlanta
Hi guys!I'm trying to analyze deals for house hacking (renting by the room) and am re-evaluating the way I calculate reserves. Currently, I use a percent multiplier by rent: 5% for repairs/maintenance, 8% for vacancy,...
Greg R.
Airbnb guestsI violating rules and keep bringing visitors
BP community, I'm in need of advice from seasoned STR property managers. I have been in the STR game for about 3 years now. Just recently I acquired another STR, this one out of state from where I live.The property I'...
David Ludolph
Is cash the only form of reserves?
So I know that reserves are very important for longterm rental investing, especially for BRRRR. I have about 10k in cash and about $70k in stocks and another $10k in crypto. Can I consider my stocks and my crypto as r...
Jose Rocha
Purchasing a cabin as a STR
Hey everyone! My wife and I are planning to purchase a cabin in Big Bear, CA and use it as a STR on Airbnb and a vacation home. Would it be smart to use the extra cash flow after paying the mortgage to go to the princ...
Chase Tompkins
Reserves and Business plan
Hello, I currently have 3 questions to ask. When starting out as a new real estate investor do you absolutely need reserves? I was talking with a local investor and he was explaining how I need about 20k in reserves o...
Brendon Seiffert
HELOC as down payment question
Hey guys!
I am in the process of getting a HELOC on my home now, but my question is how do you use a HELOC when using it as a downpayment?
I am just trying to figure out that if I take out $30k on mine, and use th...