Josh Good
Jumbo refinance in the Smokies
Anyone done a traditional jumbo refi lately? I have an STR in Eastern TN which I'm fairly confident has appreciated to over $1 mill and I want to pull out more than the conforming loan limit allows. I found a lender t...
Paul Rogert
Coverting a house into a duplex ???
I have been looking for an opportunity to turn a SFR into a duplex as a new strategy. I have a brick home in Denver (strong rental neighborhood), 2 Bed 1 Bath up and 2 Bed 1 Bath down. I would like to add a kitchen ...
Jonathan Hasan
Determining appetite for risk in terms of leverage
Hello BP community,
As a new investor, I feel like a core pillar upon which success is built in real estate from what I have seen from other experts in this forum is being able to determine acceptable risk for a dea...
Jim Macedon
Lender is Killing my Buzz
Built my first 4plex. Currently shopping for the permanent financing. I mentioned to the loan officer that I believe the building will be worth $700,000 and I want a loan for $500,000. He asked what I owe on the co...
Brad Collins
Nonconforming Multi-Family in RS6 Zoning
Hey BP,Excited to say that we're currently under contract on our second investment property (our first multi family), located in Hendersonville, NC - about a half-hour outside of Asheville. We plan to offer some of th...
Jimmy NA
Good deal?
I can buy direct from an owner a 3 family at 155K. Here are the rents, $800, $750, $550. All rents without utilities. Taxes $350 per month. Estimate on insurance $150 per month. Not sure about maintenance, snow, lawn...
Cody Cavenaugh
Ways to purchase second home for 5?
Hi y'all, I purchased my first property last year and am up roughly 100K on it. I'm looking to pull equity from that and to buy a second home to rent out as an investment property. I'm a college student and want to bu...
Gary Grossman Jr
LLC Questions for newbie investor
Hi guys! Newbie here... currently I live and own 1 rental property (SFH) in New Jersey and looking to buy more doorsteps by EOY. I am in the infancy stages and doing a lot of research/reading. I have two questions reg...
Robert Deland
Improper zoning on Triplex with no legal nonconforming documentation
I am under contract for a Triplex in Tampa. It was built in 1980, and it is zoned RS-50 (single family residential). This is common in Tampa (and I think in other cities); however it does not have any paperwork sayi...
Franklin Romine
Burn Letter
Anyone familiar with a "burn letter"? I have a purchase in escrow. Two homes on one lot zoned sfr. Older homes one built in 1945 the other 1977. Seller financed. Question came up if the property burned down if ...