Wassim Moukarzel
how does refinancing work?
Hello, I am just starting my real estate career (I bought a couple of best selling books and started reading) and have a question regarding refinancing:1- If I understood the concept well, refinancing is great in real...
Account Closed
Best guess for maintenance and replacement reserves? SFH
Hello-Appreciate everyones best guess for conservative maintenance projections for a 5yr hold of the following portfolio. Also would like to see reasonable reserve estimates for capital expenditures-10 homes-Built af...
Chris Wolfe
Probate Purchase Under Courts Value... Help!
I am purchasing a property for $900,000 from a relative. The issue is the court has appraised the property for $1.175m as is. (Worth $1.4M after rehab).The relative/seller only wants $900k and I could buy for the 1....
Jonathan Dempsey
How to best finance the next move?
Hello BP community,
Any help or advice on how to proceed next on my real estate journey would be much appreciated.
I currently own one property with just over 3% equity. I would like to keep moving (albeit at a c...
Samantha A.
How do you get multiple mortgages with BRRRR?
I'm curious about using the BRRRR method and how the bank preapproves an investor with multiple mortgages. When you're ready to purchase additional properties - how do you get approved for the additional debt with you...
Holly Smith
Finding the Right Lender for FTHB for Out of State Investments
Hi BP team. I am looking to invest my hard earned pennies out of state in either SFH or Multi with goal of building sufficient cash flow to allow me to leave my current W2 job. I am a younger single gal, first time h...
Warren Bright
A question about BRRRR
Hi everyone.So I am trying to understand this BRRRR strategy a bit more, and in doing so stumbled across a question that I have which I hope you can help me answer.To set up a little scenario:You purchase a property a...
Takahito Torimoto
Cash-Out Refinance of Investment Property - does this make sense?
TL;DR: A cash-out refinance will make my original property negative cash flow of $250, but my use of that cash (either in the "holding" investment or the eventual STR property to put a down payment on) should more tha...
Thomas W.
Has anyone used HELOC as a down payment for investment property?
I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to hous...
Shirley Fanduiz
Seeking for a good advise for my path to financial freedom!
Hello Everyone,I am a listener of BiggerPockets podcast for a while and I am still new at real estate. I wanted to get some advice. I was not sure if this is the place to post but here it is. I have a primary residenc...