I have a rental property that I paid cash to purchase and rehab and now have tenants in the property. I want to refinance out and get a 1st mortgage on the property. I also want to put the property in the name of an...
I have an opportunity to purchase a 3bed 2 bath home for $35k and needs about $15k-$20k in repairs. The ARV is $100k. I have held out on purchasing my own home since I've gotten into real estate. Should I use my first...
Hello BP community
I'm in the process of buying a duplex in Florida for $350K with 25% down. Lender quoted 3.62% with 2 points for investment conventional loan (non owner occupied).
I Just got a loan estimate which ...
My plan is to purchase a small multi family(duplex/triplex/4-plex) and house hack with an FHA loan for my first property this year. I currently use Chase for my personal banking, before I get pre approved for a loan o...
Hello,I am in contract with an investment property and the under writer is asking for source of deposit on large deposits into my account 3 months ago. The deposit was from loan returned by my own brother that i lent ...
I am looking to cash out on 3 SFH in Detroit area. I recently purchased them cash and plan on holding for rental income. It seems like some lenders do not lend in Detroit market. Another hurdle is that each SFR is ...
Hey All! I value your expertise and opinions so I'm hoping you can help me figure out the best way to sell our place in Harrisburg, PA.It's a single family town home- 3 bed/2.5 bath. We have an FHA loan on it and sti...
Hello Biggerpockets,It has been about 18 months since I purchased my first deal of a duplex that I am currently house hacking. I am looking to do the same process of house hacking a multi-family but on a larger scale ...
Thought I cleared up a past tax issue over a year ago, but the IRS never did officially release the lien. I heard that some banks will work w you before you get the letter of release. I know that I can get a release i...
Hi, I have an investment property A where I built a good amount of equity. I want to buy an investment property B using the equity built in property A. Is that legal to use for another property? How does the tax-ded...