Conner Olsen
Analyze a deal with HELOC
I have some equity I want to pull out of my property using a HELOC for the down-payment of a buy-and-hold investment. Does your underwriting change when you use this strategy? How do you factor in the interest payment...
Manuel A.
How to Protect EMD in this Hypothetical
Is it possible to protect my EMD in this scenario:
Say I put in an offer for house x and it was accepted along with my EMD. (May be wrong on how that works as I haven't done so yet, but I'm assuming this is how it go...
Marvin Scott Butler
What my best option ?
Hi, I’m in the Tampa Bay Area and I’m looking to purchase another property. I was looking to do a HELOC on my primary residence to fund my purchase. I need some advice is this a good strategy or should I rent my hous...
Miki Vargas
Negotiating low offer
I made an offer on a property here are the details. This property will serve as my office and later a rental, this is a condo unit.asking $575 been on the market 45days, my Offer $525. My tap out number 530, after tha...
Account Closed
Out of state BRRRR opp- looking for opinions/thoughts
Hey all- came across an OOS BRRRR opp in Georgia, near Atlanta. I wanted to get some opinions/thoughts from folks. Here's what I got:Asking price $62500 (not what I'm going to offer). Comps put similar properties in g...
Jennifer Griffin
Trying to Collect Rent from a Tenant
We just recently acquired a 4 plex here in Colorado Springs that has existing tenants living in it. This was the first month of the tenants under us as the New Management. We were checking the rent amount deposited...
Stephen Daniel Pace
Using a HELOC for first property
Hi BP! I’m looking into getting a HELOC on my primary residence since I have significant equity mainly due to the current market. I’d like to use it as a down payment or cash purchase for my first investment property ...
Ike Nwanze
Auction funding advice: Houston 1st time flipper
I am a first time flipper based in the spring /woodlands area. I am looking for ways to finance a fix and flip. The hard money company I called today said that their product is not for me because they need to inspect...
Craishia Millines
Help! Seller Financing Articulation Needed - Unique Situation!
Hi BP fam!I ran into a seller who just finished the beginning stages of a full rehab and asked if he would be selling in its current state, he ran his numbers and came back with one that works for the both of us. HOWE...
Kate B.
Small Multi-family loans
I have been in short term rentals for years and now want to try my hand at our first multi-family (duplex or triplex) to buy and hold, we will live in one unit and rent other(s). I have found a few in the $50k-$60k ra...