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So been learning about the BRRR strategy lately. I'm trying to save to buy a house cash. I understand that I need to rehab then rent and refi. What I don't understand is that after refi the payment is going to go up t...
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Currently looking at 2 properties of which both are reasonably assumed to be obtainable with $25k after closing. I have some extra money in savings so would like to turn it into cash flow properties by getting my mone...
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I've been working on my game plan of becoming a rental property owner to start building my passive income.I understand the beginning process of starting small, knowing it will grow slowly and be difficult. I have an o...
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Hello,I have been looking at T-12, rent rolls, etc for various properties for multifamily. One thing I did not understand on rent rolls in general is that there are unit types that are the same (same square ft), but c...
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Hi
I applied for a DSCR loan to cash out on a free and clear 4plex held in an LLC but the loan officer is asking for my personal bank statements, personal home mortgage statements. I don't understand why I need to su...
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It's undeniable that debt has the power to consume. Anyone who has let credit card debt run amuck can attest to this.
I'm writing this from a place of humility. I have learned some of these lessons the VERY hard wa...
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Can someone help me understand how appraisers generate the values during the appraisal process? I am reading our appraisal report and trying to make sense of it.We own a duplex and occupy one of the units. Back in Nov...
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This question comes from me finding a property that seems to be in decent condition for this type of property however it will need alot of work including a second bathroom if I were going to be able to sell it as curr...
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Hi Folks,
I want to thank everyone who contributes to this board. I have found the information to be very helpful in understanding the business and really appreciate it. I am interested in buying residential REO pr...
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Odd subject, but I am stumped, and could use some insider deciphering.I'm shifting my career into hands-on property development in Seattle area. I'm looking to join a small property development team that specializes i...