Nick Contristan
owner financing - advice needed
My agent has come across a home that the owner wants to sell. It's currently rented to a couple that really like the home and would like to continue renting. The agent says the owner wants to sell the home for $50K ...
Jared Vidales
Houston Insurance INSANE!
Hi All,I just entered the Houston market with the goal of buying long term rentals. I closed something in Missouri City the other day, and the insurance was $3,000! The home was worth about 145k. Im now underwriting a...
Derek Olmschenk
Financing a LLC in Minnesota
Hello BP community! I am just starting out my real estate investing journey and need help with recommendations for financing. My plan is to use a LLC to own a rental property. From my understanding (and please correct...
Charles Fletcher
Smart money in the aftermath of Harvey.
I own SFRs in Humble, specifically choosing that area to invest and live because of the lower flood risk, but haven’t bought yet this year for lack of deals meeting my strict criteria, so I have some capital.
What i...
Jim Coleman
Can loan buy property and supply money for repairs?
What I'm asking is when taking out a loan for a property to purchase can I take out extra funding to make repairs on the home as well? I want to buy a property to rent out and use some of the loan money to make repair...
David Rutledge
When, how and why set up an LLC
Good morning,I am a new investor and I just recently had an offer accepted on my first two homes. One in NC and the other in IN (I live in CA). I have had all the inspections done and I am now in the process of sortin...
Joy Peterson
Bought my first home and trying to get PMI off....
Hello Everyone,I only put 5% down on my home in Denver but a company offered me the deal below. The "Proposed Loan $1,400 COST" looks like a good option for us. We pay $1400 but it will get our PMI off the loan. What ...
Bernadeau C.
Traditional bank financing 20% down on a duplex?
Does anyone know of traditional banks that is currently doing 20% down on a duplex?
Elisa Zheng
Residential VS commercial loan for multiple fourplexes
Hi everyone, I'm new to multifamily investing and my realtor sent me a few fourplexes on separate lots in the Chicago suburbs. I'm thinking about buying 4-6 of these fourplexes. I'm debating if I should get one commer...
Mitchell Morgan
Closing Challenges - Repair roof before closing
The situation is I'm trying to purchase a property with conventional financing. The issue is the roof is in rough shape and 19 years old so I haven't had luck finding an insurance company to insure the home so that th...