Brook Davenport
Accessory dwelling not considered in appraisal
I am currently under contract on two dwellings on the same lot, both have been used for short term rentals. I received my appraisal back, and the appraiser didn’t consider the second dwelling (studio, no kitchen but b...
Craig Gifford
Cash out refi illegal in Texas?
I am currently piecing together my first BRRRR investment in Texas. In the interest of adding more properties quickly I am especially interested in the Renovation and Refi sections of the strategy. I reached out to th...
Kimberly Gomez
Home Renovation Loan
Hi BP Community,I'm a newbie investor looking to house hack my first property (duplex). I am also trying to find a rehab loan. The lender I spoke to said they are really hard to come by these days. I'm wondering how t...
Troy J Szczudlak
BRRR Refi Challenges
BP Community,I live in the Birmingham AL area and I'm in the process of inheriting a home that is free and clear. I have made the decision to hold the property and use as my stepping stone in to real estate investing...
Sarah Ebling
Funding My First Flip
Hello, Forum! I have been interested in flipping a property for years, and a brand new listing popped up that I know would be my perfect first flip. My problem is, no one, and I mean no one, is willing to approve a...
Jim Robertson
Financing for deal #2
I bought a duplex a few months ago and would like to buy another. My monthly payment is $585, monthly insurance is $60, and monthly taxes are $266. Both sides are currently rented for $1800 total. I am living rent fre...
Skher Brown
1st project, insight on right loan product
Hey guys. I've been on BP for a while and am loving it. You guys are an amazing resource!
Scenario. I live in a duplex in Baltimore, Reservoir Hill neighborhood and need $30K to fix up the property right and rent t...
Will Fraser
Is my lender wrong regarding serial House-hacking?
In a recent discussion with my go-to mortgage lender, it was stated that House Hacking using a FHA 3.5% down loan is a "one-and-done" thing because the FHA underwriters will almost certainly not approve a subsequent l...
D Higgs
thoughts on Non-QM loans vs HML
Currently in the process of running numbers getting more and more comfortable with analyzing deals. Came across an interesting video that made me curious if anyone had previous experiences with this sort of financing....
Mike Rutherford
BRRRR - Delayed Financing vs. Cash Out Refi
I'm analyzing my first BRRRR project. I found a bank here in town that will do a variety of portfolio loans. I was explaining the project and asked how soon I could get my cash back out assuming I had more than 25% ...