I'm currently shifting some of my assets into small single family homes in a part of the country where real estate is still pretty cheap. Each house will have roughly 25k in equity. My concern is that it's a huge hass...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $53,000
Cash invested: $53,000
Purchased a single family Residence on a foreclosure sale. We fixed is up quickly a...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $13,000
Cash invested: $35,000
Single story with a walk-out basement duplex, newly remodeled.
What...
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I'm currently under contract for a 18-unit multifamily in NC. The seller has an on-site property manager in place receiving free rent for one unit + $1000/mo salary + another unit as an office. I plan to use a 3rd par...
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I have almost 300K in equity that I can leverage from my primary residence with a HELOC or cash-out refinance. When I spoke with my banker they were suggesting me to go with cash out refinance because of the current c...
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Looking at a property in the Charleston area that has a notation "Notice of Lis Pendens". What's the best way to get the story on this property? Is there an online county record website where I can do searches for p...
I am looking to purchase a new home using the equity in my current home as a down payment. I want to then rent out my old home once I close on my new home. Most lenders think im crazy. I have over 150K in equity that ...
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Why is it that sometimes after I have done my numbers my maximum allowable offer is way above the asking price?
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I have 3 houses and each of them I bought with 20% downpayment and the rest on mortgage. I am doing short term rental on them so my lender would not consider my STR income as part of my income. The 3 houses in total n...
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I have a quick question that is very basic so I apologize for my ignorance. But I hope the BP community, bankers in particular can help me with it. When I go into a bank to get a HELOC is there ever a scenario when th...