Neil Emick
Buying a home to live in and convert to a rental later
Hey Everyone, My wife and I bought some land and have intentions of building a home in 2 years. We are currently renting, but would instead like to purchase a home that we would convert into a rental once we build. Ou...
Thomas Brinkman
Mortgage vs Equity Loan
Hi All! We own one property (our home) worth around $500k, no debts owed.We would like to purchase a second place as a rental property for 200k-250k.We also have to renovate our current home (estimate cost around 65k)...
Ryan K.
Subject To + Owner Financing possible?
I want to buy a property to use as my home residence. I want to do a Subject To with the owner. They owe 65K left on their mortgage. The house appraised at 100K. I'm going to buy it for 90K. The remaining 25K I want t...
Carl Devitt
The 29,000-35,000 homes in lower middle class neighborhood and some rambling thoughts.
Good people.The housing stock in NJ/Philadelphia in my view is limited and generally, the majority of properties are dogs for the following reasons:1. Architecturally hideous2. Rehabbing the interior doesn't make i...
Ben Cochran
Out of State Purchase/Partnership
We live in California, but my wife is from Hawaii. Her good friend, who still lives there, just asked for our help. They own multiple businesses and make close to half a mil annually, however due to their accountants ...
Monica McGrath
No seasoning period after cash purchase
Hello all! Im doing my first BRRRR and I'm looking for a lender that will let me cash out with no seasoning period. I've called dozens of banks and credit unions and I'm having a really hard time finding someone. Th...
Frank Profeta
Does 75%ARV Cashout Refi 3 month or less seasoning 30YF exist?
Looking for a Lender.Does 75%ARV Cashout Refi 3 month or less seasoning 30YF exist?I usually buy cash, do my reno, but I want to hold for rent and cashout to build a solid rental portfolio.Any help or advice would be ...
Stephen Chittenden
Our First Deal
My wife and I have two rental properties that we've converted from our personal use. One is our old townhome that we used to live in and the other is a single-family home that we bought for my parents to live in. Th...
Brandon Ely
How to leverage existing rentals
Hi all, this is my first post. Thanks ‘m hoping someone had suggestions on investment strategy.I have a couple of SFR rentals in Coeur d Alene, ID. Combined, they are roughly at 50% LTV and I estimate very roughly tha...
Diane Tycangco
Financing Non-Warrantable Colorado Condo Robinwood
Hi! I live in California but am thinking of buying a condo unit in Aurora, CO in the Robinwood complex which is non-warrantable. Do any of you know why it is non-warrantable? Delinquencies, low owner occupancy, etc...