Hello, Initial strategy was different, but due to change in market struck with current scenario. Two person equally shared down payment, but mortgage is on one person at 3% interest rate. Affects the DTI little bit. A...
I am in the works of acquiring my first investment property, which will be a duplex that I plan to house hack. It took me a year of being frugal to save for the down payment. This year, I have several life events that...
Hi everyone from BP,Here is the description of the house:Bungalow235k, I will need to assume his mortgage (219k)13 rooms (I can add maybe 2-4 rooms)42k revenue (I can boost it to 46-50k)This house has all the permit a...
I’m looking for some advice and feedback on my real estate investment strategy. Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might...
I am looking to get into doing fix & flips. I currently have 3 rental properties and now want to move on into fix and flip. I have 3 associates / relatives that would be doing my renovations, as I would be finding...
I just bought a 3 unit property in September that needs some minor upgrades. I purchased the property with a 20 year commercial loans because the down payment funds were not seasoned in an account. I plan to refinan...
My wife and I just bought a fully renovated 4 unit building in DC with plans to rent it out. I’ve listed it in several place’s but it doesn’t seem like it’s getting any traction. Keep in mind I am a rookie who did hi...
Hoping to get some feedback on the most cost efficient and expedient way to compute an accurate ARV. I have access to MLS and can pull comps on my own, but buying houses in more rural areas is proving to be difficult...
Hello Everyone,Im currently in a sticky situation with a property Im buying. Back in February I offered a property at 160k. The owner accepted so I sent in the deposit and order inspection and all that. The house is a...
Hello BP Community. I'm may put it an offer into a SFH that needs work. Looking at the sales price and comps in the area, this might be an opportunity to Brrr it, yet I'm struggling to figure out the calculator to u...