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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $350,000
Cash invested: $70,000
SFH with tons of deferred updates and zoned for an additional dwelling unit ...
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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...
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Do I need to first create a business entity before getting started?
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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...
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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...
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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...
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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...
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It appears they have removed the FTHB requirement. Does anyone know if it will apply to properties besides primary residences?
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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...
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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?...