Is it a good idea to try to get a few properties at one time if you have average credit (620-700). I was told to aquire a few within a 60 day period because they would not hit my credit report for that amount of time....
I have been preparing for an upcoming Trustee Sale in AZ. This will be my first. I have researched extensively. I really want to become an expert at avoiding the pitfalls of trustee sales.Please, those experienced wit...
Hello all,
I’m trying to decide where I should try to BRRRR. Local (San Antonio, TX) would be preferential, since I know this area better. The whole city has sky rocketed in price however, so I’m just waiting for the...
There is a 6 unit multi-family building in Chicago’s Douglas Park (subpar) neighborhood that advertises a “14%” cap rate as a “guaranteed subsidy.” Aka section 8. It’s also on the MLS. The building is $380k. Fully occ...
Hi All,Need some tips on how to convert rental property to a primary residence. My friend has two properties: 1 for rental and 1 for primarily resident. his rental has been in a rental for 5 years already and it's val...
Hi BP, We are under contract for our first rental property but found more surprise during the escrow period. The property is sold as is and we already put down earnest money with only financial contingency left. We ha...
Hi everybody -
I have a rental property purchase lined up but need to borrow cash for a short period to change my eventual interest rate on the conventional mortgage. I'll be using the equity in the soon-to-be-purch...
I am looking for assistance in buying a multi-unit, basically half the downpayment, I see it as 3 year plan, in which I give you a fixed amount, monthly from the rental income until we refi, about 3 years and give you...
In terms of the BRRRR strategy, we know that Fannie / Freddie loans require a seasoning period of 6-12 months prior to doing a cash out refinance (4-10 loans max). This can certainly slow down the clip at which the in...
Looking to purchase a 4 unit multi and would appreciate feedback on some strategies for moving forward. Although the sales sheet info says no owner financing, I would like to offer to buy it as a lease/purchase. I can...