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We own our current home with a 15-year conventional loan. We have about 80k in equity (about 40% equity). We would like to move about 20 miles away (my wife was offered a job on the other side of town). We would like ...
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Hi BP,Getting more interested into REI, I would like to assess my personal financials.On top of my head, some main factors are income, debt, FICO, and rental fees.I feel that there is much more to consider. What infor...
I’m loooking at purchasing a small multi-family (3 unit) brownstone in Brooklyn for around 1.5 million. I plan on moving into it and renovating and renting the other units out. I am just starting discussions with mort...
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Hey everyone,I was wondering if anyone has particular knowledge of the Fannie Mae Homestyle Reno loan: Specifically, how does it compare to the FHA 203k loan when grouped together with FannieMae HomeReady? What are th...
Hello BP community,
I have received an inheritance of $200K and saved another $100K, so I plan to buy a duplex after being a renter for 5 years. I plan to make 20% down payment and my current income is $60k/year with...
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Background: I been working on Airbnb arbitrage for 4 years now. I rent properties and rent them out, under agreement with owner.Went through pandemic, I feel my strategy is mature enough for me to move on to next stag...
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Hi all, I've been doing research, reading, and listening to the bigger pockets podcast for a couple months now, but I have some questions about starting out on my real estate investment journey that might be more spec...
Hello everyone!I'm hoping to get some help as I've been going in circles with my loan servicer (Freedom Mortgage) regarding the steps to remove PMI before two year seasoning. What has happened so far:-I purchased the ...
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Is this guideline standard practice across the board or does it change depending on the or neighborhood and area?
Found a great candidate for a first flip 4600sq/ft.
After Reno value should be in the $850,000 range
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Hi BP! I have a quick question to ask about Finance. We are almost at the point that we will reach the 10th conventional mortgage. Please give me a few names of the local banks, union credits etc that you would recomm...