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If private lending (immediate network of family/close friends) isn't an option, would the next step be a hard money lender? I only need it for the 20% down payment, not to finance the full asset, an 8 unit apt. Is i...
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Hello,We manage a ~300 unit apartment community in Birmingham Alabama. We purchased the property in Oct 2019 and the average water bill for previous ownership was roughly $24K per month or $90 per door. Since then, ou...
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Almost a year ago, my brother in law pointed out the fact that, for what I was paying each month in rent, I could afford a mortgage. I started thinking about it and realized how much money I was putting directly into ...
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Hi there,
I am very new to this field but after five months of shopping, I am under a contract with SFH and got the inspection last week. I am already overwhelmed and need experienced investors' help.
The house ...
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Hi there, my husband and I have family that live in Maui, and we are considering purchasing a short term rental in the next few years to offset the cost of going to visit. We are probably shopping in the 2 bed/2 bath ...
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Hi Guys,I've spoken with an investor friendly realtor here in my area about helping me find a house hack come July when my lease ends. I currently am paying 1200/month in rent. He says I should expect to still pay a...
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Hey all, happy Friday! I was approved for a non term HELOC loan for 100k at 7.5% variable rate. Looking to start my first short term rental in the Saint Augustine/butler beach/crescent beach area. For those of you who...
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Morning BP community, I have an offer accepted on a duplex (built in 1905, $150k, $700/mo cashflow, 2 - 2nd/1bath, total of 2300 sq. ft. and rented out), and the inspection report has left me on the fence. Do I ask fo...
Hi guys,
This is my first BP post. I searched the forums first but couldn't find any information. I am sure this has probably come up and my search words just weren't doing the trick, so sorry for another pos...
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Been doing a lot of reading about house hacking and using the BRRRR but I already like the house I live in and don't want to uproot my family (I wish I'd read more on it before we bought the house we're living in righ...