Matt Hubert
DSCR Rent appraisal - Montana
Hey all! Looking for some others experiences with rent income appraisal for qualifying a DSCR loan.... Have been under contract on a studio condo with DSCR loan and 25% down. Sales price appraised but the rent incom...
Account Closed
Plywood walls not disclosed by buyer or found during inspection
Recently closed sale on a property and discovered that two of the bedrooms have closets that share a real thin plywood wall with the room opposite. Problems are the walls are too thin to hang anything so we would ...
Samuel DeMass
Is flipping a viable exit strategy?
I'm traditionally a buy and hold investor.I'm looking at a property that needs extensive rehab, but it will yield a couple hundred in cash flow for me with an acceptable cash on cash return.The rehab, being so extensi...
Tyler Piciullo
I am doing the work but I need some help...
So I am currently a Realtor but want to transition into being an investor. I hired a coach with a stellar track record and we have been working together for a few months. My goal is to make my everyday income off of b...
Amul Sutaria
Need advice about financing
Hi BP'ers!So I am looking at properties in the 70-90K range (in PA) that I want to buy and hold. Problem is, the family member that told me they would let me use their HELOC no longer wants to help. OK, fine. Time ...
Jason Waldo
Am I ready to buy another property??
So I have been talking with my wife about buying another property and we are not sure if we are ready. We are ready mentally but are we financially ready? I won’t be shy here about what we make and what we currently o...
Marcus Griffin
1st deal loan modification help
I purchased a home sub2 that was a pre foreclose. The bank is offering 2 options for modification. I pay $14k and keep 3.5% interested rate and $1900 payment or no upfront payment put interest go to 7% with $2500 paym...
David Robertson
Lot of stiff competition out there
I'm looking for my next deal and the MLS is very competitive in my area. I just got beat out on a disaster house that was listed for $25,000 ($100k ARV) and I offered $33,000 and still didn't get it...
Another house...
Christopher Davis
Strategy for first property, opinions?
Ok let's say house is 175k. 25% down would be 43,750. (I spoke with a lender and he quoted 25% down). Loan 131,250. Let's say conservatively 4.5%, 30yr. PI = 665.02. Estimating TI at 200, total debt 885.02/mo.If rents...
Amir Navabpour
Diligence or overkill for out of state rentals?
I have a portfolio of 11 rentals in Kansas City (I live in Ca). My PM is competent. I have done make readies/rehabs for all of them through a contractor, and the PM walks the properties when he is done. Over the ye...