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looking to buy a small multi family with an fha loan. Since the down payment is so low on an expensive property, how worried would you be about the mortgage payment? Would you buy a little bit more than you can afford...
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Hello all! When looking to house hack a property using VA or FHA loans do you calculate the 0/3.5% down payment? Or do you run the numbers as if you were an investor putting 20% down? Its so hard to find deals or even...
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Hello Everyone,
I'm working on my first BRRRR transaction, and I'm curious what your thoughts are regarding refinancing terms. Would you recommend a 15, 20, or 30 year mortgage? Here is my current situation:
15 year...
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*This link comes directly from our calculators, based on information input by the member who posted.
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3/2 1550 sq feet, 2 car garage located in Central FL Built 2001$79K 10% downPITI: $600/monthRent: 1100-1150Inside needs painting and a fridge is all thats needed. This will be my first deal and all comments are much a...
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Hello Biggerpockets community I know this may be some stupid questions, but I feel like these basic questions will help me a lot.
1. Who do I pay the water/sewer bill to? Is the city? How can I give it to them?
2. H...
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I am new to this financing world and would love to get your alls options on the pluses and minuses of 15 yr and 30 year mortgages.
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Intent: Buy and Hold10th PropertyTown House1,300 sfForeclosureAsking Price: 215,000ARV: 265,000 Rehab: 7,500Rent w/ Vacancy: 2,350Taxes: 4,850Monthly HOA: 725 LTV: 75Rate: 5.5% 30yrInitial Monthly Expense: 2,150Buy: Y...
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6-plex in south St Louis city, 63111. Locked it up for 142k. All one beds, fully occupied, 3k gross rent. New roof, new windows, 4 of 6 units updated. Well maintained. I own 11 units in the area, this would be my fi...
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Dear Fellow BP Members - I am a part time investor (did 3 SFR deals so far) venturing into MFR for the first time and would appreciate any insights you can provide.Information for the MFR (all units combined)Property ...