I used an FHA loan for my first triplex to househack and after a year would like to use an FHA loan to househack another triplex. My mortgage broker told me I would have issues with this because the underwriter would...
Hi all,I've read/searched previous posts here and on google in general the last few weeks, however, I'd prefer a point blank answer and not risk my entire future on a misinterpretation (first flip!). We found a iffy R...
Hi All,Well, thanks to this blog, I decided it was time to dump the negative cash flow condo by the beach for a 7 unit multifamily that will cash flow about $100/ door with the under market current rents. I just clos...
Hi BP friends! As we approach 2024, which markets are you all looking more closely at for fix and flip projects?
I'm not sure which forum this should go into so I just picked the lending and mortgage advice forum. Hopefully it will be the right one.I need some ideas. I'm running out of ideas, cash and time. I'm not sure where el...
I am ready to begin the process to liberating myself from the 8-5. I have a plan in place and a set of fairly specific criteria in order to get there. Here it is at a glace:* 3k in monthly cash flow = 15 properties at...
Sometimes people struggle with how to employ negotiating tactics that they read about in real world situations. The BP community has probably collectively negotiated more real estate deals than any other group in the...
This kind of attitude scares the SH*T out of me!!! “This time is different” are the words scrawled on the wall of every financial bubble - from the South Sea to the DotCom Bust (1.0) to RE Financial Crisis - before it...
This thread is about a recent REO deal I have done from start to finish (well, finish line is in sight) to help educate and inspire others to do the same.
Property details: 4+3, 2300 sq. ft, pool, spa, view, quiet st...