Cathy Chang
Renovate before or after turn the primary property into a rental
Hi, BPers,I plan to turn my current primary property into a rental one within one year. Right now it has 2 bedrooms, after it becomes a rental, I want to renovate it to 3 bedrooms. Should I renovate before or after I ...
Elisa Sacchetti
Funding the rehab for first investment property
I may have found my first investment property! I am very excited as I think it will be a great investment opportunity. It is a duplex with a purchase price of $250,000. Estimate cash flow is $400 per month as is. I pl...
Lina Vezzani-Katano
Add a bedroom to single family house
Can you add a 3rd bedroom in an already rented out 2 bedroom single family house? Do you need the permission for the tenants who already live there? Can you then increase the over all rent, but still low enough so tha...
Andrew MacCormack
Avoiding HST Flip Prince Edward Island Canada
I live in Prince Edward Island Canada There is a property down town that a guy is completely gutting from the inside out. He's planing on putting it up for sale when he's finished for around 200,000. I'd like to pay ...
Shuvrajit Mukherjee
Financing rehab for house hack
I aim to find a fixer upper quad/triplex in Chicago area, renovate and house hack, then cash-out in 6-9 months.But when financing my other rehab or cash-out projects, I have seen the lender requires the property to be...
Steve Rogers
Refinancing a hard money loan
Hi, I'm interested in taking out a hard money loan to fix up my house. I know that they have usually have interest rates around 15%. The reason I'm looking into this is because I won't qualify for a second mortgageM...
Michael S.
Flipping a gutted water damaged house
Hi BP!There is a house listed in my area for sale for $100k. Let me quickly explain my market:Typically there are very distressed properties (1200-1500sf SFH, cape cods) needing ~$30k in renovation for sale in my area...
Richard Schubert
Under contract for 3rd SFR
Under contract for my 3rd SFR in Akron, Ohio. A vacant house across the street from one I just purchased was also for sale at 51k. It sat for a bit and the price was lowered to 46k so I toured the house and made an of...
Kyle Madsen
Finance Owner Occupied DIY Fixer Upper
I'm a first time homebuyer looking to buy a fixer upper that needs substantial upgrades but does qualify for a conventional mortgage. My main question right now is how to finance those renovations in a way that allows...
Grant Wilsterman
Personal Residence Equity Play
Investment Info:
Single-family residence other investment.
Purchase price: $435,000
Cash invested: $52,000
Personal Residence Renovation: Purchased off the MLS within 8 hrs of hitting the market for ...