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Recently finished a rehab in Wilmington-NC and need to refi and cash out. Property is rented, credit score 645, having difficulty finding a lender. Currently loan is 102,000. Home will appraise at 220,000 or above.
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im about to purchase this property and trying to find gap funding for an amount under 20k
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I am starting a new property with an investor, They are going to front the money, while I am going to rehab the property. I want to keep this investor happy, as this is our first deal and could be potentially a good ...
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I have an opportunity to purchase a home to flip and the owner is willing to carry his loan on the property while we get the work done. We would avoid a lot of expense with Realtor, Title and Financing fees this way ...
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I’m a newbie and I’m looking into an 8 unit property. I have most of the numbers I need but I still need utilities costs (owner paid). How would I figure out how much the gas, electric, water, trash, and sewer cost pe...
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Hey BiggerPockets community!
I’m analyzing a potential deal in Florida, but there’s a catch—it’s in an AE (High-Risk) flood zone. Hurricane Milton recently caused widespread flooding, yet this house remained unaffect...
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Hi investors, If you can pay down a mortgage, which one would you pay down aggressively first, a rental that has high appreciation and little cash flow, or the rental that has a higher cash flow but little appreciatio...
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Cap rate is short for capitalization rate and is used to indicate the rate of return expected for a particular property. Investors use cap rate to estimate their potential ROI (return on investment) for a particular a...
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I am a bit surprised that I am having trouble finding a bank (bank, local credit union, etc will all be referred to as the bank) that will finance a deal and was looking for some additional insight.
I have a producti...
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Hi. I recently got my first rehab home under contract and am wondering what type of insurance I need to get on it. I've read 5 or 6 threads on it already on BP, but I was wondering more so about my specific situation....