Faruq Abdullah
BRRRR Investing Question regarding Refinancing
Hi BP fam! Question on the refinancing part of BRRRR investing. When I had originally started searching for investment properties I was pre-approved with a Lender and found out that even with my great Credit Score an...
Amit Barman
Refinancing question
Hello,I apologize if this is a repeat question.I bought and renovated a property with cash, Now I would like to rent it out and refinance to cash-out. I purchased and flipped it for total around 30K, and it is apprai...
Jared Taylor
Do you analyze househacks the same as other properties?
If you plan on house-hacking, especially in a duplex, you effectively cut your potential rent in half. And if your total rent is halved, the numbers you run on your analysis are not going to be accurate. With that sa...
Justin Hennig
Does a HELOC affect debt/income when applying for conventional loans?
Considering a HELOC on primary residence for further real estate investment purposes...would this affect a conventional property loan application since it is "secured debt" or mostly just affect credit scores?Any help...
Mike C.
Effect of downtown revitalization on nearby rents.
While doing due diligence on a property in Kannapolis, NC, I discovered that the city has recently started a project to revitalize the downtown area. It will include a minor league baseball stadium, commercial areas, ...
Ryan Cousins
Investment Property Before Primary
Hi Everyone!
My fiance and I are currently going to go under contract for a new build soon and are very excited. The new build estimated time to completion is 6-8 months (December/January).
My business partners and...
Alessandro Stammes
How does mid term rental income affect appraisal, if at all
Just bought my first duplex here in Norfolk VA. I'm using a 203k loan and my plan is to live in one of the units for a year and then turn both units into mid term rentals for nurses. My hope is to get rid of PMI when ...
Dillon Rowe
Flipping in Washington during Coronavirus
I am a new flipper in the Vancouver area. I am curious if anyone has thoughts on the current climate and how it will affect flipping. What are all of your opinions on any additional risks investing with this issue aff...
Oudit Rambharose
First Time Investor - Schenectady, NY
Hi All,I'm a first time investor. I will be closing on my first 2 properties sometime this month, and have run the cash flow several times. Each time that I receive more accurate information, the cash flow looks sma...
Tom De Napoli
How will the COVID-19 Crisis Impact & Likely Recession Impact RE?
It's 7pm and I just leaned out the window of my Brooklyn apartment to cheer for front line heroes in my city's and the world's fight against the COVID-19 Crisis. This is a new routine I could not have imagined just o...