Jeff Blanchard
LTV is good but DSCR is too low for refi
So my primary holdings are historic, multi-use properties in Louisville (KY). My partners & I bought these buildings in a state of high distress at low prices, and have been continuously & incrementally imp...
Curtis Regan
Financing Rehab for First Deal and Other Beginner Questions
Hey Everyone!My wife and I just put an offer in to purchase our first property. It is a duplex with a tenant in one side and we would be moving into the other side. Both sides are 2 bed/1 bath with an 800sf unfinished...
Imran Quraishi
1031 exchange for construction loan?
I have a plot of land that I own. I want to sell a rental property and use a 1031 to get a construction loan to build on this plot. Is this do-able or can 1031 exchangess only be used for already constructed real esta...
Marcus Geiser
Rebuilding credit: A Journey Toward 720
What else can I do to improve credit?I let my credit slip slide away. I am now scoring 630 with a repo for a truck on my credit. Here is what I am doing:I have monitoring set up.Got a BOA secured card. Which led me to...
Najeh Davenport
What's some of your exit strategies when buy property Cash
I'm looking for an exit strategy , if I did decide to use my heloc to purchase the property cash any thoughts or suggestion on an exit strategy. or maybe something you did, My long term goal is always cash flow. Thoug...
Justin Mespelt
Removing PMI on personal residence
I'm looking for a little advice. My wife and I bought our current home (only home purchase we have done) in 2013. Original loan amount of $152,950, current principal balance $143,617. However, in those 3 years the ...
Kat N.
Deduct construction cost from personal income (for tax purpose)?
Hello Biggerpockets community, I am newbie in Real Estate. I just bought a house (in California) under my name using traditional bank loan (so no LLC or Corp). My thought process is that I will fix-up the house. If th...
Nicholas Armstrong
203(k) help!
Hey guys!
I've found a lovely duplex in my area (just outside the Birmingham AL area) It is in a B neighborhood and it is listed at 30k. I am considering house hacking this property. But it needs a lot of work and I ...
Hector Salas
Mortgage Insurance on FHA loan?
Hello BP community. My wife and I, are in search for our first multifamily investment property. We will be using the house hacking strategy. We have ran the numbers on many, and have came across a few that might work....
Adam Aero
Should I reset the owner occupancy clock now?
I'm living in one half of a duplex as owner-occupied for 8 months now. After 4 more months, I'll have roughly $30k do-anything cash (aside from emergency fund). I look for MFH under or around $100k that need a bit of ...