For calculating ROI on a rental property, I assume my closing cost to be part of my initial investment number. On my closing costs, I paid 1 year's insurance, 1/2 year taxes, and some HOA. Normally those are part of...
When using the BRRRR Strategy, is it too risky to use a traditional loan with a 20% down payment instead of buying the property up front?
Hi guys I’m a rookie at this and I have spoken to an agent before I make an offer tomorrow I want to cross my T’s and dot my i’s.. in the brrrr calculator I have a favorable report, however I want to make sure I’m inp...
I have a question on financing. I’m trying to determine the best of the two following options for financing a property that I’m buying for 130k. 1. Financing 75% at fixed 5% over 30 years. $36k up front cost. 2. Payin...
Does anyone have a good contact in Oklahoma City of a lender who will do investor loans on houses purchased using the BRRRR strategy?
Hi everyone,
So the scenario is the following:
Option A - buy property #1 with 25% down as an investor and make about $650 in cash flow.
Option B - buy property #1 with 3.5% down as an owner occup...
I'm getting ready for my first flip project. Is there a rule of thumb of what costs require cash up front vs what can be covered via loans? From what I"ve gathered on a few posts, I believe the hard money loan downpay...
I want to buy a multi-family property and I can buy 100% cash and then refinance once any repairs are done. Should I refi or is there an advantage to just get a mortgage up front?