Truly happy to see so many people benefiting from my previous posts. I was thinking for some time about what my next topics should be about and I finally decided to start it off with yield maintenance. When you have f...
Do I need to first create a business entity before getting started?
Hi everyone! I've been perusing the BP site and listening to tons of podcasts for a few months now and it's finally time to get going. I live with my wife and six-year-old son in Washington, DC. I'm a systems engineer...
Hey BP family, I've been following BP since about 2018 and after all the analysis paralysis I've finally acted and bought my first duplex. I currently am in the middle of renovating it and hoping to get a tenant in by...
Hi BP - in a bit of a unique situation and looking for some advice... Short story: looking for creative financing advice for purchasing a condo at auctionLong story: One of my rentals is in a 2 unit condo building. Th...
BP friends, Forgive my ignorance on bank financing and how financial institutions calculate debt to income but I am seeking a few answers. I am in the process of getting Pre-Approval for the Fannie Mae Homestyle Renov...
It appears they have removed the FTHB requirement. Does anyone know if it will apply to properties besides primary residences?
Hi
I am a little confused on how a home equity loan works. Based on my understanding, the loan amount you can receive is based on the amount of equity present in a property. This is found by subtracting the remaining...
Ok, who can help me out here. I'm looking at a potential rehab, and likely need $170-$200k for purchase+rehab+holding costs. Are there any legal issues with pooling money from multiple sources like family and friends?...
As the title says, I was pre-approved for an owner occupant loan in Chambersburg, PA! I plan to house hack so I am now looking for four unit multifamily properties. I'm really excited and just wanted to say thank you ...