Trying to help a couple family members, buy and sell a property. Bit of an unusual one, two homes on one two acre parcel that cant be split. Brother is selling to Nephew who is buying with fha loan, to live in one an...
Hi!Just have a very quick question regarding the newly proposed $10,000 property & state income tax deduction cap. How would it affect the property tax deduction for house hacking (buying a multifamily and living ...
Hello I have some questions in regards to wholesaling. Now I understand wholesaling you are basically selling the contract to a new buyer. I have had conversations with wholesaling mentors so I have a previous knowled...
Can someone explain to me how the BRRRR method works?
I just recently purchased a rental property back in February and I want to restructure my current loan. How does the process work? Do I have to own the property m...
I'm looking to purchase a duplex using the BRRR method. I'm concerned about the ARV due to there not being any comps in the area. Even as far out as 1 year. My question is - How will an appraiser appraise the property...
Greetings all,
I am new to the bigger pockets community, Hi! I am curious to know your opinions on the best type of loans for a BRRRR. I plan to be pre-approved before house hunting to understand my budget. Wish I h...
I am doing a 3 unit rehab in Germantown and, upon completion, looking to cash out/re-finance with an ARV based on a rent multiplier method as opposed to a CMA as there are no good comps in a reasonable distance. Do le...
We are under contract for a 4plex. The cash on cash comes out at 13%, taking into account vacancies, maintenance, HOA ect (I used very conservative numbers). The appraisal came back at 20k lower than the purchase pric...
Hey guys, So I currently have 3 properties and I want to purchase another one but the issue is I’ve maxed out DTI. What other methods should I use to acquire another property? I’ve been thinking DSCR but don’t they t...