Winston Spence
203K Loan For HUD Home
How do I get a 203K loan on a HUD home? I know I have to pay the earnest deposit either $500 or $1,000. Does this take the place of the 3.5% down? And if I'm bidding online how do I add in the rehab costs with the ...
Andrea S.
We are thinking about buying this what do you think?
Purchase Price:$60,000.00Purchase Closing Costs:$6,000.00Estimated Repairs:$15,000.00Total Project Cost:$81,000.00After Repair Value:$75,000.00Down Payment:$60,000.00Loan Amount:$0.00Loan Points:$0.00Loan Fees:$0.00Am...
Manco Snead
Build New vs Buy Old
Greetings BPers,Looking for some opinions on building new multi-families to hold as long term rentals and possibly live in one unit. The market where I would build: medium size town with median home price at $331K, av...
Account Closed
What part of rental income do lenders consider?
I’m planning on purchasing rental properties in the near future. Once I’ve gained rental income, I would like to finance a Condo and even more rental properties with my income from rentals. However, I’m a bit confused...
Alex Armson
Which trade job is most beneficial to real estate?
Hi, I am a new member of this community looking to gain more knowledge about the real estate industry. My question is, which trade job would be best to pursue a career in to be most beneficial to real estate.
Chris Marshall
What to do about gift taxes
I'm new to the investing world and I am getting my start because of a generous family member. They are gifting me property free and clear of any debt, and we are going to refinance the property and take on a loan to p...
Kyle McCorkel
Real Estate vs. Low Cost ETF - ACTUAL returns from my portfolio
I've been tracking every dollar in and out of my REI activities for the past few years and decided to back-test the numbers to answer the question: What if I would have put all those investment dollars into a super pa...
Scott Schaecher
Just Jump: A story on our 'first' deal in St Louis
Hello BP Community! I'm writing this post to begin chronicling the learning experiences we've had so far in the purchase, renovation, refinance, and renting out of a multi-family property in the city of St. Louis. I'm...
Justin Lowe
getting started in commercial RE
hello, i was curious if a begining investor would be wise to go right into commercail RE or if he should go the course of residential-duplex-small complex-large complex-etc. etc. Is it even possible for a totally ne...
Marcus Sullivan
New investor and plan for success.
Hello BP community,I am new to RE investing however I have been wanting to do this for a very long time. I have researched the RE business extensively. I have owned and opetated my own business. I have a resume that b...