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6 months ago we got our 1st refi cash out against our home to purchase a rental property, plus a mortgage on that property. Costing us over $10,000 in broker/underwriter fees for the 2 loans. Our mortgage broker conta...
I’m 19 years old and I’m really into Real Estate and I just bought my first house and I got a tenant in there. What’s the fastest way to get another house so I can get another tenant in there so I can get to financial...
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I have a question: I just started wholesaling 2 months ago and I have been using an aggressive direct mail campaign. I have read that you pick up most of your deals on repeat mailing. So how often should I repeat to a...
Starting my first flip. ARV is 190,000. Got the house for 100,000. Rehab estimate is about 30,000 if i pay a contractor. I had a contractor walk the property and said material cost is about 10-15,000. I plan to live i...
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Hello,Over the last 8 months I have purchased, rehabbed, and rented out 3 properties in Topeka. I own them all free and clear, but I am Now out of cash & would like to pull cash out of them to repeat the process. ...
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Hey All!Just a quick question. When applying for a new loan, do mortgage lenders or banks look at the LTV or how much you forked over as a downpayment on your other rentals/primary or do they just care about Monthly p...
I have recently been pondering an idea and wanted to run it by and get some feedback!
My wife and I currently live in a home in which we owner financed. The amount we purchased the home for was $225,000. We owe aroun...
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Hey BP peeps!New to this whole deal . . . have an idea/strategy, want to see if it holds water:Find a distressed/undervalued propertyCome in as a "cash" buyer, using Hard moneyGet the rehab work done with said hard mo...
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Just closed on my first investment property and the process wouldn’t have been nearly as straightforward without my Real Estate agent. Want to get a thank you gift, but have no idea where to start. Thoughts?
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I've put an offer on a home which is a foreclosure. No bank financing allowed on this deal so I will be paying cash. I will have some repairs and once complete I should have at least $150,000 equity. I plan on rent...