Nelson Leal
1st out of state/BRRRR purchase
Hello BP,This is my first deal bought through BP so I figured I'd return the favor by sharing my adventure. I'll skip the details about myself and get right to the transaction.*Will omit names from my story and pictu...
Chris Marshall
Looking for money, Vice President of our bank lied to us.
I need money advice, here's the situation. The banker my family uses and the one we used to get some money out of the equity in our house when we first were gifted it, told me we were pre approved for a loan to do a f...
Thomas O'Donnell
Planning to move to San Antonio, TX and House Hack!
Hello all!
After spending the last year teaching myself all about real estate investing through podcasts, books, YouTube and forums like BiggerPockets, I have finally decided to make my jump into the real estate wor...
JJ Cole
Closing costs mess up Cash return.
I typically buy houses worth 110-140K for 65-80K (cash) and then spend 8-15K on rehab before renting the out for 1150-1250/month. When I cash out refi. I end up have to pay $4k in closing costs on a 80-90K loan. Is th...
Alex Silang
Getting a mortgage with 30k W2 income
This is my financial situation:30k incomeRental property (I own):4k monthly rent1.5k/mo PITIWant to buy:350k-400k property4k monthly rentI've used online calculators (for what they're worth) and they say I qualify. Al...
Daniel D.
URGENT AGAIN: Offer Accepted - NOW WHAT?
It's me again, with my urgent advice needed threads. For some reason these deals always creep up on me!I found a property in New Providence, NJ last night. I saw it this morning @ 10 AM, i put in an offer at 1 PM, 7 P...
Karin Crompton
Well, this is awkward ... (HUD 1 will say I'm loaded when I'm not!)
Hey all,
We are scheduled to close tomorrow on the sale of a property we rehabbed (woo-hoo!). This is my first rehab, and we will make a decent profit (again, woo-hoo!) ... however, the profit is nothing close to wha...
Ally H.
RESPA and VA Loan
Hi fellow BPers! We have some questions for those who are familiar with the VA loan for active duty military.We went through a mortgage broker and locked in our interest rate and lender's credit last month with a Rate...
Brent Crosby
The next recession will eventually come, get over it!!!
I see so much talk on BP about the next recession and if people should wait to invest. My advice is STOP stressing about it and practice sound strategies that include fixed rates and cashflow! Investing, if done right...
Josh Kliethermes
Lender Search - Things to ask / look for
Hi BP!I am beginning my lender search. I have talked with a few agents and gotten recommendations for lenders in my area. One of the first things the lenders try to do when opening conversation is trying to get me to ...