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Wanting to get some thoughts on my strategy. I'm going back and forth between buying strategic/sensible MLS properties, or using the BRRRR method:
First off, my goal is to replace mine & my wife's W2 Income with ...
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Summary
Property took 1 year to sellProperty went under contract 3 times with different buyersWinter freezing temps - water pipe burst ruined our renovation and we had to start all over againWhat We Should Have Done
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First deal I am considering. Freaking out to be honest with you.
I have one financial proposal and I was wondering what do you guys think about it?
Any feedback is greatly appreciate!!
1) Private loan
5% interest ...
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This is a slightly loaded post but at the heart of it meant to be informative and beneficial. I know this is an investor website but this post is geared towards anyone that is willing to live in their home. There is a...
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Hi all, I don't seem to fit neatly into one of the NC subs so I'll post this in the general forum -I'm interested in learning more about the lenders other investors are using to do cash out refi's on SFR's that are no...
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I have a property that I have bought and renovated 5 months ago. The lender that I'm choosing to cash out with requires a 6-month seasoning period. I know loans can take 30 or more days to close. Can I apply now and m...
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Hi everyone,What would you do? Scenario 1: You are approved for 400k using FHA or FHA 203k financing.Scenario 2: You are approved for 270k using FHA financing with a $6000 grant from IHDA(Illinois Housing Development ...
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I am looking for assistance in buying a multi-unit, basically half the downpayment, I see it as 3 year plan, in which I give you a fixed amount, monthly from the rental income until we refi, about 3 years and give you...
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Hi All I signed a purchase contract for a new construction home with a builder few months ago. The price of the same home I am building has gone up by around $150k as per the builder current pricing. If I decide to se...
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In terms of the BRRRR strategy, we know that Fannie / Freddie loans require a seasoning period of 6-12 months prior to doing a cash out refinance (4-10 loans max). This can certainly slow down the clip at which the in...