Hello! First-time homebuyer here. I recently came across the Fannie mae home style loan, which I understand is a conventional renovation mortgage. I want to know what is the benefit to obtaining a property under this...
Have equity that I would like to pull out of my rental property. Quotes rates of 6.76-7.25.
The lower rates are ARM and will give me 80% LTV. The higher rate is conventional at 70% LTV, estimated closing costs arou...
Looking to do my first MF deal, but there seems to be a wide variance in rates - anywhere from low 4s (brokers, but charge an additional closing cost) to high 6s. Where are folks finding the best combination of rates...
Hey BP family, I have my first triplex under contract and we’re going to closing soon. Yesterday I went through the home inspection and a few things were found. There is a sub roof for a kitchen that needs to be repla...
I was going to buy my first rental here in Houston, TX, I was going to put 20% plus pay closing cost on a 94K ranch style property, I'm about to put 30K to acquire this, I think this is excessive, I'm doing something ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $465,000
Cash invested: $65,000
Owner Occupy Side by Side duplex
What made you interested in inves...
View reportPhoenix Arizona near downtown* is there an issue with ARV? I put it as "$400,000" in form but says more than $400,000 on report * what about 50% rule? seems to break the deal.* Seems like cash on cash retur...
So, I've come across 2-1- rate buydowns a few times recently. I understand the general concept of it don't really understand the mechanics of how it works. I was hoping someone could explain how you work this into a c...
In a work/money fix&flip partnership:
The silent partner provides $1M.
The working partner does all the work, including securing an additional $1.4M in financing for the LLC.
The working partner keeps 2% of the...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $209,000
Cash invested: $8,300
House Hack/BRRRR Deal
- Purchased 11/2018
- Occupied the lower unit
- Starte...