Walther Mendez
Rental Unit Question
Hey Everyone, I am looking at renting out my townhome in February/March 2018. I would like to save about 4 months worth of mortgage payments before I rent it out. It is currently my primary residence and my wife and I...
Danny Morrell
Looking to start. Little cash on hand.
Hey all!I was hoping to get some insight... I've got about $10,000 on hand and would like to get my first rental. I recently purchased primary residence and I'm not sure if any of the low down payment options would be...
Colin Reid
How Much to Keep Liquid?
Hey, guys. I want to know how much money you keep available for contingencies on your SFR rentals.I have two SFR's, with a third (current residence) to be rented within a year. With the two rentals, I've never taken a...
Jonathan Small
Painful Deal- My 1st Foreclosure - Atlanta
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $80,000
This was one of my first deals I purchased at the beginning of my real estate investing career. I purchased th...
Chris Mason
PSA: Have you adjusted your strategy? re: FNMA reserve changes
A few months back, Fannie Mae announced that they would be changing how their Reserve requirements are calculated in the near future. I just had my first few come out of underwriting held to the new standard (I'd been...
Alissa Rodman
Need advice. Sign 5 month lease or go month to month
Hello, fellow BPers.I am new to BP and new to real estate investing. I am 44 years old and have never bought a home before. My plan is to buy-and-hold to be able to retire at a decent age. My lease at my apartment en...
Derek Okahashi
Wife concerned rentals will prevent purchasing our home...
Can you guys please chime in? My wife is concerned that my goal of purchasing one home per year over the next few years will prevent us from buying our own home (currently renters) in a couple of years when we move ba...
Michael Duke
Best way to start with 10k?
I live in Boise, Idaho and purchased a primary residence a few months back. I’ve been saving money and have about 10k at this point that I’m ready to invest in cash-flowing real estate. I’m looking at all property typ...
Jeremie Cortez
Help with cash out refi!
Hi all,
I am the trustee of a property that is paid off. I am trying to cash out refi on that property and the mortgage broker I am working with says that I need 6 months worth of my personal homes mortgage and of th...
Joe Abesamra
First Deal First Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $360,000
Split two family ranch style with a great bones. Other than interior cosmetic updates it was move in re...