Hi BP, I have been searching, reading, and talking to various people about doing a cash out refi after a cash purchase and receiving a wide range of answers.I primarily do flips, as it doesn't make sense to buy and ho...
Hello,This is a question for those that have already applied the BRRRR strategy….What does the bank look for in terms of leverage when giving you a 70% LTV with the new higher appraisal price after rehab? Assuming yo...
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Hello, everyone, my name is Fabian. I am new in real estate with no experience just t...
Sorry, but I am going to use this medium to vent. Two days ago I learned that a Driving for Dollars spreadsheet I spent countless hours creating became corrupted and cannot be fixed. Ughhh! This has come at a bad t...
Good Evening BP!I was wondering if anyone had any insight on my current situation. I am looking to close on a property with my partner into our LLC. Is our only loan option the DSCR loan? Anyone have any experience ut...
I have a duplex under contract for 48k. The bank I found that does mortgages as low as 30k tells me (a month into the process) that I can't use funds from my LOC or a gift to supplement the closing costs. They told m...
I have heard many people say that a down economy is the time to buy investment property. I also see the benefit of low interest rates in an up economy where lending is prevalent. I confess my buy and rent experience o...
Just found out that Connecticut disallows section 168k & section 179 bonus depreciation. For reference, see: https://portal.ct.gov/-/media/drs/publications/ocg/ocg5bonus...
Is there an exemption to this rule or c...
Hello all, I am a first time homebuyer looking to take advantage of an FHA loan for a multi-unit property. I recently heard about people using an FHA loan to buy a multi unit property and using future rent as income, ...
Hi everyoneI own a 2 family house in Queens, NYC. I've had 2 evictions so far and need to go to civil court to try to recoup 5 months of rent and lawyers fees from the last one. I am planning to sell and move -just ...