I bought a 4 unit building last fall in the midwest for $245k. Gross rents are almost $4k/month. My mortgage is at 4%, I put 25% down and put an additional $30k in to it and replacing floors, repainted all interiors ...
I am in contact on a four unit property and have run into a possible financing hitch. Here is the scenario. Purchase price 75K. Rent roll is 2390 per month. The projected monthly expenses are @ 1000 per month, which i...
Hi all, any investors in the Texas market doing wholesaling? I am looking to gain some clarity which contract is ok to use. Are you having more success at title with the TREC and if so, do you have a template? Or, are...
I'm making an offer on a duplex that is currently vacant. I'm worried about getting it occupied quickly during a winter renting season. The property is in Baltimore. In order to get it occupied as quickly as possible,...
Hey BP,I'm currently in the process of obtaining a HELOC on my primary residence that I plan to use to BRRRR. Assuming it takes 30 days to close on the HELOC, and another unknown amount of days to find a deal, get it ...
I'm a newbie and the other day I was on the phone with a mortgage broker and when I asked him about rehabbing and refinancing he told me it wasn't a smart move. He said the cost of the refi might end up eating up any ...
Hi Everyone,
Would really appreciate your input on this.
For a $360K, 2 fam investment 30 year conventional refinancing (excellent credit, LTV 75%), I got quoted for the below today 11/19/2020:
2.875%, 1.5 points...
Hi everyone,
I am new here and this is my first post. Love all the content and discussions in the forums. I’m looking at purchasing my first multi unit and wanted get your thoughts on the deal. The property is in ...
Investment Info:
Small multi-family (2-4 units) commercial investment investment in Hardwick.
Fixer upper investment property. Currently rented as a single family home. I will be renovating the property and ...
I’m about a month out from finishing the rehab on the property. (I own a upper/lower. Upper is being rented out for $990/month and my mortgage is $760/month. I plan to live in the lower unit when finished) I have a 2....