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Hello,
I am in the process of purchasing a property for $1.17M and plan to put 25% down with a DSCR loan. My lender said it would be best to go with DSCR instead of conventional loan. My goal would be to either refin...
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Cost of risk scenario.
Reno Scenerio Off Market Purchase Price - $185k
ARV = $315-335k
Reno - $55-65k
Holding - $10k
Closing both ends - $25k
= $335 , $315-$285 =$30-50k gain
As-IS Scenario Purchase - $18...
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Hi Biggerpockets community,I'm trying to rent out my house (Houston area) for the first time, and I had a potential tenant contact me who's moving in from out of town and wants to rent before buying a house soon, mayb...
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Hey guys, this is my first Biggerpockets post. I'm a college student going to school in Phoenix. I would like to purchase a house/ multiplex to live in and also rent out while im going to school. Ive listened to sever...
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In my marketing campaign I am coming across potential Sub-2 deals, which isn't what I am seeking as newbie, but I dont want to throw away leads that I can pass to others either.
In this scenario, the seller has said...
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I found some similar posts, but I also had some specifics that I would like to try and get cleared up. I am new to investing, in the Denver market, and looking for the right time to buy. I believe that we are about to...
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For those that have seen my posts before. I've yet to come to a decision on my first REI. As a review:I live in Beaverton, OR in an 'A' neighborhood. But my current home is feeling a little small for my growing family...
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Hi all,
I am looking to buy my first rental property and I'm excited, but understandably a little overwhelmed, during the process. I am looking to do the BRRRR strategy and have called about 45 community banks here i...
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I've received an offer that I must decide on by Friday for an engineering job. My girlfriend is going into nursing. We will be graduating this may. I have a few cities available to me in the NC/SC states. Should I be ...
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Hi everyone,
I mailed about 100 post cards. I got 4 calls but before I return the calls, I am seeking some advise on one of you than have done some deals.
I want to know now when I call to tell the owner that I am an...