Bradley Jernigan
How I financed my multi-family properties
Financing a multi-family property typically involves several steps:
1. Down payment: Ensure you have 20-30% of the purchase price for a down payment. Most conventional loans will require you to bring around 25% of th...
Varun Parkash
CPA tax filing mistake creating issue with underwriter - HELP !
Sorry for such a long post but details are criticalNeed some guidance regarding my friends situation. He will loose his deposit and all loan fee paid if he did not get this loan approved = 2K (loan fee non-refundable ...
C.S. Bryson
Is this a good deal? Looking for advice on my first investment
Seller Financing OfferPurchase Terms1. Purchase Price: $215,0002. Down Payment: 20% of the purchase price, equal to $43,0003. Financed Loan Amount: $172,0004. Interest Rate: 6.5% per annum (fixed)5. Initial Amortizati...
Brandon Dubisky
203k advice for a 1st time investor
I'm looking for advice to acquire a 203k loan on my first investment property. I know I have to live in it and that is my plan, but how long do you have to live in it before you can sell? Any recommendations for 203k ...
John Malcom
Loan interest rate question
Ok this one might be hard to explain...I want to either refinance my paid off SFR or get a HELOC so I can buy a rental property. So far I have determined that my rate at least for a refinance will be about 5.25 for lo...
Account Closed
When applying for a hard money loan...
When applying for a hard money loan, make sure you understand all numbers are going to be estimates until all of the variables are completed and final numbers are calculated. The hard money lender might be able to giv...
Manasse Shingiro
Can I Refinance My FHA Loan into an FHA 203K for Renovations?
Can I Refinance My FHA Loan into an FHA 203K for Renovations? I would like to know the pros and cons as well as alternative options
Shonari Wynter
Doing a BRRRR! Should I keep receipts of materials?
Hey everyone!So doing my first BRRRR. Project is about a month out from completion so I’ve been thinking about the refinance part of it. The contractor has been giving me final receipts. Meaning they buy the materials...
Raymond Macasaet
Mentor, guidance for purchasing 3rd property
Hi! BP community! any real investor that is willing to help, give me some advice, or mentor me. I have been trying to get a home or mortgage loan, and even a HELOC. For my third property, but its been very hard to get...
Bradley Hendrix
Going from -50K to 1 million
I’m hoping my story will lead to some great connections here and maybe help a few people in the process. So, here we go..
In 2018 I sat down at my desk to go over my bills, which I was barely making. I had finally la...