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Hi, I'll be househacking my 1st duplex this year. I have 2 options for a mortgage and I'll like to know which one you'd choose in my situation. It's a buy and hold long-term and we plan to buy another property to hous...
Hi, I need help analyzing a rental property.Sale price is $795,000.building has updated/renovated exterior + interior 3 out of 6 units, has separate meters + coin operated laundry room.Tenants 5 out of 6 is month to m...
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It is my understanding that FHA will only allow rent credits above market rents. We have companies offering 50-100% rent credits how can that be done legitimately?
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Question BP family, Do banks ever accept cash offers less than they get a property back for? For instance, I’m looking at a local foreclosure and the price is $90k, and the county website shows they took back the prop...
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Hi there, so I know with an FHA loan, 3.5% is required for a down payment. Now I’m not entirely sure what kind of fees to expect. Let’s use a home valued at $100,000 for an example. Now let’s say I had that $3,500 rea...
Anyone here investing in Northern, Glen Allen or Richmond area of Virginia? How is the market there and your experience? I'm a newbie looking to invest out-of-state and researching these areas for buy and hold. Pl...
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I'm currently in the process of contacting various banks and credit unions to obtain a HELOC to be able to purchase investment properties with all cash offers. Some banks have decent offerings but as I have read here ...
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*This link comes directly from our calculators, based on information input by the member who posted.2 Manufactured homes on property. I'm brand new to this, and learning as I go. I may be...
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We are in escrow on an investment property. We offered 3K above appraisal value. However, appraisal just came back 30K below listing price. At this, what are the seller's options? Can they legally back out if they acc...
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Hi BPer,Please help, is this worth it as either a flip or rent/holdI've meet a owner(free and clear) of a single family who suggest to me he'll do owner finance even though i told him i can qualify for conventional lo...