If I only have 5-10% for a downpayment on a $200,000 home and I work a job where I make $25-30k but I have no debt, good credit, and have some big assets such as a car (fully paid off) would I be approved by a bank fo...
We bought our house almost 2 years ago for $115,000 and have about $100,000 left on the mortgage. It's on a 5/5 ARM currently at 2.5%. I'd estimate our house is worth $160,000 currently with the work we've put into ...
Hello everyone! My wife and I are looking to purchase another house to house hack. Our current house was bought with a conventional loan because it was cheaper than renting. We were curious, is it possible to purchase...
Hey bp memebers!
I’ve read that building a investment property isn’t always the best idea vs finding a good established home.
So I’m looking into the idea of building a very basic 1100 sqft 3bd 2 bth with a single...
I am in almost exactly same situation as @Richard Donofrio . I just bought my first 1br condo (layout makes it 2br so rented 1 room), near NYC in Union City about 3 months ago. HOME - 150k listed, bought for 145k, app...
Hi all,
I am preparing to acquire my very first multifamily rental property.
Here is my question:
Is it really worth it to find a mortgage broker when I can simply go to a bank or a credit union and ask for a 30 ye...
Is it better to rent my current house out (purchased 10 years ago with a conventional mortgage) and get another place or stay where I am and buy a rental? Thoughts about financing house #2?
Hi guys, What are your thoughts of getting a Home Equity Line of Credit to pay for the rehab costs in a BRRR-type property or even a flip? In my mind the pros are: I can use the credit for just a month or two while th...
Hello,
I’m brand new in the investment world. I’m really anxious, to get started.
I live in Taunton MA, which is about 50 miles SE of Boston. I think condos would be a good investment to start out with.
Anyb...
Hello all, I'm purchasing my 4th home but buying it from family and they're going to finance it.It's been recommended that we do a quit claim deed and use a boilerplate contract for such. However, I still don't know ...