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Hello BP, I have been reading up and listening to podcasts on house hacking especially in NJ (Jersey City, Montclair, Bloomfield). As I'm looking for a house hack, I'd really love to live in a decent area (some in Jer...
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Hi BP Family 6 weeks ago I’ve made my decision that I want to invest in RE , I read through the book “The Ultimate Beginners Guide” and once I knew that what I want to do is “Buy $ Hold” (see what I did there!) and th...
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I know the market got slow down for flipping properties, but still I would like to ask these questions so I can understand how and what everyone is doing.
Questions for active rehabbers..
1. Are you currently activ...
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Hey Everyone – I’ve been interning this summer at a private lender in the real estate space and have put together some of the tricky concepts that are commonly used. Thought I’d share five that I’ve come to understan...
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I have 10 existing loans with only one being a Jumbo on my current primary residence. The others are on investment properties (6 fourplexes, one duplex, a single family rental and a STR vacation property).In speaking...
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Hey BP Fam, two questions for you. 1st question; is there a huge difference in the rate for a conforming conventional loan for an investment property vs primary home? 2nd questions; I Just got pre approved for a non Q...
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Hi All,
Im looking to owner occupy a duplex property and keep as much cash in my pocket as possible.
I have spoken to a few bank and brokers who have told me its 3.5% for FHA or 15% for conventional.
Are there a...
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I'm wanting to generate some cash flow for my retirement years that will begin later this year.I have purchased one rental home that has generated $400 per month the last three years. I owe about $100,000 on my $450,0...
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Good evening, Has anybody taken investment property from a Hard Money Lender too Conventional? My Conventional Lender is stating that 15-20% will be needed do to the amount stated on the form.Thanks Mark
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I am looking to purchase a house for $50k that is worth $70k for cash. I understand that banks like a property to "season" for a year before they will refinance.What I do not understand is if this applies to:1. If you...