Michael Norris
302k property and funds designated for repairs
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...
Sean F.
FHA Loan on house needing roof replacement?
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...
Courtney Middlebrook
Best Practices for Managing Booking Payouts as a Short-Term Rental Co-Host in Texas
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...
Jared Reutter
Our experience with a 203k
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...
Kevin Dares
3k STR/BnB investment grosses 450k yearly after only 3 years.
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...
Timothy Spain
203k
I am currently in the process of purchasing a four unit home and need a contractor/inspector in Atlanta, GA area who is familiar with the 203k process. In addition, is it necessary to hire a consultant for streamline?
Brandon Burch
Is it worth refinancing a long-term rental to gain a point on the interest rate?
I currently have one investment property in Fort Wayne, IN. This is a single family home and was originally a primary residence before turning it into an long-term rental.Some strategies I'm considering to grow my por...
Russell R.
LLC set-up: in state where property is located or where I live?
Hello BP ForumI (presently) live in Westchester, NY and I have a SFH that lease out in Charlotte, NC. I bought it when I lived there. I would like to expand my holding over the next few years; I am considering purch...
Brandon Dubisky
203k advice for a 1st time investor
I'm looking for advice to acquire a 203k loan on my first investment property. I know I have to live in it and that is my plan, but how long do you have to live in it before you can sell? Any recommendations for 203k ...
Anthony Wilson
Repairs on a FHA home
Quick question, when buying a HUD or FHA etc. does all the work have to be done by licensed contractor?