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I purchased a duplex on 20 July 2016 with the intent to rehab and rent the property using all cash. I then discovered the BRRRR method and would like to refinance to get my cash back out to start another. My question ...
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Hello Everyone,This is my first time posting here and was hoping to get some assistance in reviewing the loan terms I've received from a local bank. Are they good? Are they pretty standard? This is my first time se...
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Hi everyone! I am under contract with a duplex and I’m currently shopping my mortgage options. I have a couple different offers here and wondering if I could get some advice. For context, we are 80k over asking and wo...
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two 2/1 units in hollywood, fl
Paid: 150k
Financed: 200k
Cash out at closing: 26k
Rent:31,200
Mortgage:1700/mo
Taxes:3,5k
Ins:1700
Vacancy: 1400
Maintenance: 1k
total: 7,600
Net profit: 23,600
23,600-31200= 5600
...
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Hello Everyone,
I am actually a young future real-estate investor (age 20), and I'm curious to know of the ways to raise money for my first Real Estate Investment? What are some strategies that you use or hav...
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Hi All,I have another 2flat + garden deal that i wanted to get some input on. I will be financing it with FHA and plan to live in it for the first year. I would like to refinance in about 6 months once i sell a couple...
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Hello, fellow BPers.I am new to BP and new to real estate investing. I am 44 years old and have never bought a home before. My plan is to buy-and-hold to be able to retire at a decent age. My lease at my apartment en...
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So I've been doing research on BRRRR and most of the people that do it take out 2 loans (to buy and then to refinance). And I was wondering if using cash to buy and then doing the cash out refinance and then taking ou...
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Hello Bigger Pockets family!I am a new investor looking to build long lasting wealth for my future! I graduated from California State University, Fullerton about a year and a half ago and am currently working as a Sal...
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Long time lurker, first time poster. Struggled with what part of the forum to place this in, please feel free to relocate.I've had a rental for a number of years, bought it in 09' as a primary residence and converted ...