Investment Info:
Single-family residence fix & flip investment.
Purchase price: $46,000
Cash invested: $90,000
Sale price: $143,000
Originally intended to BRRR but turned to a F&F
I am in the military and purchased my first home using a VA loan. I understand the purpose of a VA loan is for the eligible borrower to use the purchased property as his/her primary residence. I did find a blurb on th...
Hello all.
I have researched but can't seem to find an answer to this question.
We've been renting our former residence for 2.5 years. If we sell it in the next six months, we'll qualify for the capita...
Hello everyone!I’m looking for some insight into my current situation. I purchased a primary residence in early 2019 slightly under market value due to it being outdated. Currently, I have updated the home with new LV...
Hello everyone, I’ve come across the opportunity to go solar on my first Airbnb property after going over the deal it seems to be a good deal especially in the long run. I would like to hear your opinions and experie...
Hello BP,What kind of loan would a lender offer someone if they didn't have a primary residence or primary mortgage (say for instance they rent or live in a house that has an "in-law" suite) but they want to purchase ...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $65,000
Cash invested: $24,000
This is a house (rancher/3 brs/2 baths & a bonus rm) I purchased in 1998. But, I...
Good morning BP, I was speaking with a lender yesterday about the BRRR strategy with regards to refinancing to pull the hard money out of the deal. He suggested waiting out the owner-occupied period on a Hud House as ...
Hello Everyone,
I recently applied for a mortgage on a property I intend to rent out for the first year and move into next fall. The property currently has a tenant with a lease that is expiring soon which I will rene...
I'm wondering what the community thinks about trying to flip a home with FHA financing but never moving into it. Am I legally allowed to purchase a home with Owner-occ financing, never move in, fix-up and sell? Then ...