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I have a home under contract. The Sale price is 15K under the Appraised value. My finances, income, credit history are all in order without issues for best rates. Typical 20% down.The loan is in the final stages and r...
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Hi everyone!I've done a lot of research and practiced valuating properties and analyzing deals for about two years. I've read "The Book On Rental Property Investing" and have a pretty solid foundation of real estate i...
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Appraisal came in $25,000 less then asking price, should I still purchase?
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What are some options that I can use to finance the rehab of a property? I am looking to purchase my first property to flip. My plan is to use a traditional mortgage to fund the payment and I have an adequate reserve...
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I have brrrr'd two duplexes from full gut renovation to above rental grade finish apartments. We have received unfavorable commercial appraisals on the refinance compared to what similar properties are selling fo...
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So here is my situation. I owe about 54K on one house (appraised at 70K, but could probably only sell for 50K). I bought the house 5 years ago for 24K and rehabbed...but mostly would be expenses and no cap. I have ...
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Hey all,
I have been lurking for the past 2 months on BP, the opportunities the current market present spurred me onto to some more in depth investigations regarding REI.
My wife and I have an unencumbered SFR rent...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $30,000
Cash invested: $6,000
Found a landlord that is looking at unloading his properties.
I am trying to figure o...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $216,500
Cash invested: $40,000
Sale price: $320,000
Re-grade land in back of house and provide new landscaping...
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Hello. I am just starting out, with very little to no money. I am buying my first house, will be living in one bedroom, for around $175,000.
Can someone explain to me how a HELOC works? Do I have to have equity built...