I purchased a 4 family home in June 2016 using an FHA loan and a 3.5% down payment. The house was appraised using comp values rather than an income based approach due to the house being mostly vacant. I fixed up and r...
Does the COCR change over time or is that relevant? For instance, if it is determined that the COCR is 20% before purchase and rents are increased during year 2 and the COCR increases by 5%, is that relevant and shoul...
I just completed a cash-out refinance and in the process of shopping around for another mortgage when I realized something. Since cash-out refinances typically have a higher rate, would it make sense to immediately do...
Hello, I have another question regarding accessing the equity in my home to purchase my second income property. I'm leaning towards the HELOC option to use as a down payment for my second income property. Any thoughts...
Hello Bigger Pockets community!I'm Mark Tabah, currently residing in Redondo Beach, CA and working in Rancho Palos Verdes, CA. I work at the beautiful Terranea Resort for PSAV, North America's leader in audio/visual/...
Hey guys,
I got lead through my website and it's a SFR currently renting at $900+. The owner wants to sell because she's tired of dealing with tenants and landlording in general. The comps come back around $89k and ...
Hey BP friends, We just finished our first home under Wynn Investment Team LLC!! Paid 25,500 for house, Rehab was 32,000, all in for 57,500. ARV$100k (just got appraised). Refied at 75% LTV. Still have 25% equity left...
Hey guys,Ive been actively analyzing properties for a 4-plex or preferably more in the Las Vegas area. And I've been running numbers for analysis from the agent Im working with. It looks like the market is so hot ther...
What is the percent deposit for escrow account,They are asking me for 3.5% is that normal?
I am looking for a property management company and Real estate agent in the lubbock, Tx area. Any suggestions or referrals pls.