Howdy! I am a new real estate investor in the Fort Worth, TX area. I am currently looking to minimize my housing expenses through househacking in a small multifamily. The goal is to pay no more than $500/month on rent...
Hi BP! Is it possible to use a hard money lender to fix up a property and then use a conventional mortgage to pay off the hard money lender if you want to move into the fixed up property as a primary residence?
Hello everyone and thank you in advance. I am newbie investor trying to get my first property under contract in the SFR 1-4 arena. I currently have a partner and together we have put in over 10 offers in the Houston a...
I recently heard about an all in one mortgage. I wish I knew about this early, it sounds like it wold have saved me thousands over the last couple years. First, I would love to hear any all comments or advice in gen...
What is considered to be a good interest rate for a traditional 30 year mortgage?
Hello BP community. I'm looking for some advice on the best way to finance my first rental property. The property I'm looking at is currently on the MLS priced around 100k. The unit is already rented an does not requi...
Hey! Seeking some advice as I see conflicting information on this topic quite often. Let me give you some back story:I purchased my first home in 2016. Lived in it for over a year and then rented it out. I still have ...
Hello everyone! I Need advise/opinion from the experienced people on my next move. Here is my scenario:I bought a primary residence.Gained equity in 2 years and took out HELOC to purchase my first rental property(dup...
I'm interested from both lending and especially liability. We're buying our first rental. We work as missionaries showing very low income in my name and a negligible amount in wife's name. File jointly. Should tit...
Considering purchasing my first property potentially using a HELOC as a down payment for a traditional loan. More than likely something that does not need work, so not a BRRRR. I understand that I could use the HELOC ...