Patrick Hopkins
Hello from Medford, MA!
My name is Patrick Hopkins, and I finally set up my BP profile (picture and profile completion to come this weekend). I have researched several topics on the site before, and yesterday I noticed a post in the forums ...
Eric Olsen
FHA First Tome Home Buyer Benefit
I'm looking to buy my first investment property soon. I want to utilize the benefit of low $ down on your first FHA loan to buy a place locally and house hack. The problem is I live in Washington, DC and the numbers h...
Weng L.
Cash-out Refinance - Policy Changed During COVID-19?
Today I am looking to do 30-year conventional cash-out refinance on my 6th property after rehab. My broker told me that they updated policy lately on rental property
-- 70% LTV (was 75%)
-- Can't do any loan if owne...
Nahon Torres
First time out of state investor - Cleveland or Columbus?
Hi. I live in New Jersey and looking to be an out of state investor looking for a good combination of cash flow and appreciation; I am considering either Cleveland or Columbus. Any feedback on either city is greatly a...
Benjamin Sussman
When does overleverage get you in trouble?
I’ve heard that people lose everything when they’re overleveraged. When would you say people lose their shirt in RE investing, when debt to equity ratios are to high or when their debt to cash reserve ratios are too h...
Eli Ettinger
Made a novice mistake and wondering what my best options are
Clear lake (houston) TX. 2b/2b condo 1000sqft
4% cap. 100% equity.
Purchase price plus all fees plus repairs $90k
Appreciation 5%
Market value $85k-$95k
Currently rented to a good tenant who pays on time with...
Nicholas Rado
In Depth Look At My Financial/ Credit Building Plan and Questions
Hello everyone, I am looking to get into REI and am taking a hard look at my financial and credit situation to set real goals that will help me purchase my first property. Although I haven't been analyzing my finance...
Jarret Durst
FHA 203(k) vs Fannie May vs Freddie Mac
What’s up guys, I’m trying to cover all my bases. I’m looking at a foreclosed property that I want to do the BRRRR strategy on. I only have enough for a low money down approach for now. I was looking at FHA 203(k) but...
Zach Ziskin
Flooring on a rehab -- carpet, tile or laminate?
Forgive me if this is a really newbie question (well, I am a newbie :mrgreen: ), but what is the best option to go with when redoing flooring on a rehab project, both from a cost perspective and resale factor--carpet...
Mark Fink
private lending source
I see so many posts on social media for private loans up to 100% funding at 6% interest with no pre payment penalty. is any of these legit or are they all scams?