If the property has a mortgage/lender, and the loan amount is greater than replacement/rebuild cost for property, is it better to have insurance coverage for the loan amount or the replacement cost?
I understand goin...
Hi there - my husband and I are preparing to build our new house (on land we already own). He is a contractor and will be doing all the labor. Our plan is to rent out our current home, which we own, once we move int...
I am looking for a CPA recommendation in the Oklahoma City area. Would prefer a CPA who also invests in real estate with a rental property focus.
Anyone on here have any experience using a 203k loan? I am looking to do my first deal, and if this is a viable option, I would use this as a rental property. I just don't hear of many people using this as an option!
Investment Info:Small multi-family (2-4 units) other investment.Our home that we built ourselves in 2014 with no money down (sweat equity instead) and added a 2 bedroom basement unitWhat made you interested in investi...
Ever wondered how to track the market for mortgage rates, especially when it comes to Non-QM and DSCR Loans? Check out my latest article published here on BP!Thoughts/comments/feedback? Did I forget anything? let me...
Hi All,As I slowly stack money away for my first future rental purchase, I have a few questions regarding estimating rehab costs when going through practice reps. I'm basically going through properties on Realtor and...
Does anybody have suggestions on any virtual appraisers out there who will do work for investors rather than banks? We have a property in a trust where the grantor has recently passed, and we need to establish a "ste...
Hi People, I'm a rookie investor/real estate agent from NY and I have an opportunity to purchase my first property with cash. I aim to invest in a few MTR/LTRs in a B-class neighborhood in Greenville, SC. I am dete...
Hello BP community,I recently invested in a STR last year and its going great! Projecting revenue of 84 k with a return of 25 to 30 % on my upfront investment. I am looking to invest in more STR's this year with partn...