It seems like both the FHA 203k and the streamline loans are only available to owner-occupying properties. Any ideas?
I see a lot of info/reviews dealing with buying on roofstock. Anyone here sell on roofstock? I have a good rental cash flowing $600/month after all debt service is paid. Considering using roofstock to sell as Im re-...
For out-of-state STRs investors, is it normal for a cohost / property manager to insist on creating an OTA listing on their account to better streamline their systems? Seems like a potential issue if I stop working wi...
Hey All,I currently own a 2-unit Multi family and living in one unit. I purchased the house under FHA loan. I purchased it in 2013 for 185k and it was appraised right at 185k. I currently owe 171k in principal. I was ...
Hello all,
I'm hoping to close on my first home by May. I spoke with the seller today and they were up front with me stating that the house will need a roof replacement. I grew up in an identical house that my parent...
In brainstorming about purchasing a 302k property, how much out of the gate should be budgeted for repairs? I would still budget in 10% for capital expenditures, but for this question I am only interested in repairs f...
Hi Everyone,I wanted to encourage all the new investors like myself to keep pushing yourselves. My husband and I began reading BP and joined a local REI club back in September 14". We listed our home in Dec. 14' (3 m...
Hi everyone,
I'm currently managing short-term rentals for myself and a family member in Texas. I'm wanting to scale and add other clients to my portfolio. However, I'm not a licensed real estate broker, which mean...
Our experience with a 203k loan:
Stephanie came across this triplex on Zillow just searching and saw this triplex that had been listed on the market for quite some time. The price was reduced several times over the y...
Investment Info:
Large multi-family (5+ units) other investment.
Cash invested: $3,000
STR/BnB operation located in downtown Seattle. Through an initial investment of 3k, 3 yrs ago have grown into a 9 u...