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Below is the thorough analysis of my recent BRRR deal. Let me know your thoughts:Buy:- It was an off-market property, and the asking price was $232,500- My hard-money lender said he'd finance 80% of the as-is property...
Hello friends,
I am currently under contract with my first STR in northern Michigan. The location we chose will be a 4 season rental (skiing, snowmobiling, boating, fishing, golfing) with lake/dock access. Our offer ...
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So I went to my bank just to see what kind of rate I could qualify for and I got pre-approved at 4% interest rate and 4.35% APR. What's the difference between the two and is this a good rate? My credit score is 800-81...
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Hi BP community. I just joined BP pro and im stoked to get started. I seen somewhere where there was some info on how to estimate how much the rehabs will cost i just dont know where it is. also can someone tell me ho...
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I’m having an appraisal on my primary residence. I’ve heard on a podcast it can be helpful to find comps yourself to give to the appraiser. Problem is, my home doesn’t have very many comparable comps. It’s not in a tr...
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I have been striking out in underwriting with 30 yr fixed rates, the math just isn't working out for me to make any cash flow and the debt service monthly expense is wiping out any NOI and thus my yield. So... I am co...
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Greetings,
I’m reaching out to the community to find investor-friendly lenders for a cash-out refi on two properties. Your assistance is greatly appreciated. Thank you in advance!
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Should I shop around for a better interest rate or take the first offer I get? I know they run my credit every time and I don’t want to keep taking hits but at the same time if I get a good lender then I’ll stick with...
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Hey everyone, my name is Roberto Reyna and I'm a new (and still hopeful) real estate investor focused on the Houston and Dallas markets. I submitted my first offer on a single-family property in La Marque, Texas this ...
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I purchased a 4 family home in June 2016 using an FHA loan and a 3.5% down payment. The house was appraised using comp values rather than an income based approach due to the house being mostly vacant. I fixed up and r...