Jackie P.
Is This My Bill to Pay?
My IRA holds the lien on a MH in a park in Texas. Buyer is not paying. Park has already filed for eviction for non-payment of lot rent and received a judgment. I have filed for eviction (repossession) and should...
Mark Sheppard
Commercial loan advise on timing for refi and cost for appraisal
I have 6 houses in Fredericksburg, TX that we built from the ground up using a construction loan, that just recently rolled over into a 25 year at 4.5% principal and interest until the maturity date of April, 2027 whe...
Chelsy C
First flip, need help.
Thanks all in advance, I have been reading this forum for 2 months. I finally found my first flip and will close escrow on 7-5-2011.
The property needs a new Kitchen, bath, fence and yard work, also inside and outsid...
Luca Giani
Flip Houses: LLC and operating agreement?
Hello,I am planning to start with the first flip in Southern California. I know the market is not the best for this kind of operation at the moment but if I will find the right deal we are ready to pull the trigger.I ...
Heather Hall
DSCR Loans/ Hard Money Lenders
Hello,I have been reading through the Bigger Pockets Forums to hunt for your good and bad experiences with DSCR Lenders. We are looking at a 30-year fixed for a Single Family STR , but we are open to suggestions re: ...
Khaleel Zafer
Pulling out Equity or Utilizing with HELOC
I recently bought my first home at 23 for 126,000. I put down 5% with a conventional loan and after appraisal, we came back with an appraisal of 145,000. Around 20k equity. I added in about 10-15k of rehab work. When ...
Pat Jackson
How would you do this deal
I've found a 2 bed, 1 bath house. ~1,100 square feet, on a small lot in the midwest. My goal is to buy and hold this property, and BRRR it after I'm on title 6 months and it's seasoned.Can be acquired for ~$20,000 (...
Sokhna Wade
Applying for a conventional loan to get pre-approved. Need advice
Hi everyone! I have an appointment with my bank (Chase) to look at my options for a mortgage to get pre-approved. Before my appointment I wanted some advice on what I should look out for. What not to say, and just bas...
Lee Cruz
Can i Brrrr with 25% down and rehab costs then bridge into loan?
I only have enough cash for a downpayment and rehab costs. About 50k total for the regular 100k to 150k properties around here.Question 1:Im still tryiing to understand the brrrr strategy. To refinance, arent i only a...
Marc Cesar
Buying rental and Refinancing
Greetings all, I wanted to gain insight on the following scenario. If I'm purchasing a single family that's currently with a 1-year lease (tenant paying 745/mth) and the sales price is 20k ( but at closing, I'm buying...