My question is a simple one, however, I am getting a different answer from different mortgage brokers in my area. When using the BRRRR strategy, when you rent the property and refinance the property, will you be able...
I'm in FL and bought my house 15 years ago. It's time to move on and I'd love to rent it out to my Uncle. Unfortunately, my HOA ($100 a year style) says no new rentals until it reaches under a certain % of the homes...
I have a property in Detroit that was appraised for a refi. When I requested a reevaluation they would not budge on their value. The deal still works at the lower value, and I'm honestly pressed because I need the cas...
Good evening all,This is my first post on here, as I am just starting out as a committed real estate investor. Currently I am exploring different opportunities in my area (Manchester, NH), and while my goal will be to...
Hey BiggerPockets, I'm James. I currently reside in Minneapolis and work as an analyst for an insurance brokerage firm. My goals are 1) learn as much about real estate investment vehicles as I can while offering any k...
To all,
How many folks are looking for cash flow positive properties? Something around the 1% rule (12% per year in gross estimated yield)?
There are deals out there. Sometimes more than I can take down. Other times...
I understand longterm the SFR is probably easiest to sell to cash out but if I am going for apartments/condo style properties, are 2br better than 3br?
3br seem to me to be harder to rent since people will usually ha...
I will be starting a remodel of a duplex next week and I've put together a spreadsheet of estimated costs and durations for the various subtasks. The home is 2000 sqft. and has an additional 500 sqft. partially finis...
Area: East LA, specifically City Terrace (NO rent control)St. Ft.: 3,500Beds: 10Baths: 4Price: $572,000Current Rents: $4,800Monthly Payment to seller (seller-financing): $3,500/month for 30 yearsDown Payment: $30,000A...
I have a deal here in the North Carolina area. Here is the breakdown.
- Purchase price - 28k
- Total Rehab Needed - 30k (over estimating)
- 4br Home. Land use (mixed commercial/resident...