Joseph Chacko vellukunnel
Rookie investor exploring a multi family in jersey city heights
Hi BP,
I am exploring a Multi Family (2Family) investment in jersey city heights (close to christ hospital). The strategy is to buy and hold with positive cashflow. I have some prior experience house hacking my con...
Jason Robinson
Financing a flip
Ok. So there is a house that I am investing in that has a lot of potential. It needs roughly 20,000 in renovation. I plan on using a HELOC for the 20% down and financing through a local mortgage company for the res...
Eric Johnson
Please Post Los Angeles Area "Investor Friendly" Referrals!
Hi BP, I'm in need of some investor friendly contacts for my RE business. Please share as many or as little of these referrals as you like. I will also let them know that you referred me. My niche right now is house f...
Jacqui Dolan
Contractor payments - do they expect some upfront payment?
I will be rehabbing my investment property (property manager will oversee) and am wondering if contractors expect some upfront payment (e.g carpet layer to buy carpet, cabinet maker for kitchens). I currently have a s...
Zach Zabel
FHA, 203k loans and 401k investing.
Hey everyone! Its my first day here on BP. Super newbie. I have a few questions regarding FHA and 203k loans. First question is has anyone used their 401k to finance the down payment? If so any advice would be greatly...
N/A N/A
Are my calculations correct ?
Hello,
These are made up figures. I just want to see if I am calculating this correctly. Any advice/opinions are welcome.
Thank you.
Bought for 280,000
20% down payment = $56,000 ( $280,000 x 20% = $56,000 )
lo...
Arpan Patel
Refinancing loans held by Retirement Plans
Hey all,I'm a bit newer to bigger pockets as an active member and I had a question concerning retirement plans and leverage. If a retirement plan owns a rental property (say 5+ units) - leveraged with a non recourse l...
Quinn Sjoblom
Financing owner build
Hi, I'm looking for advice on the best direction I should go in with my current situation. I'm 33 years old, and recently married. Right now I'm paying 800 dollars in rent. For the last 10 years, I have also been help...
Britt Smith
Why buy if I can build?
I have enough funds to buy and build a home to sell or rent/refinance. Why should I not do this?
Justin Melton
Arrangement with Contractor
I had an acquaintance contractor approach me last year about loaning him money to fund his flips. He did several and I believe they were very profitable, he just didn’t have the cash to purchase these homes and to fu...