I have a LTR property under contract that needs more rehab than I want. . I planned on getting a conventional loan and putting 25% of the purchase price down. I asked after I rehab the property, can I do a cash out...
Hi All,Complete newbie here looking into taking a small chunk of savings and start getting into some rental properties. I've been doing some preliminary reading, playing with the calculators... even attended the BP we...
When people are trying to rehab homes, why do I keep hearing about private investors to fund the projects? Does a conventional mortgage not work?
I just watched my first episode of Rehab Addict and, she too, uses pri...
Hi everyone,
As I get closer to purchasing my first rental property, I notice that I may have the opportunity to take on a seller financed deal. However, my confusion comes as to how this seller will be paid back ...
Hi BP Family 6 weeks ago I’ve made my decision that I want to invest in RE , I read through the book “The Ultimate Beginners Guide” and once I knew that what I want to do is “Buy $ Hold” (see what I did there!) and th...
I know the market got slow down for flipping properties, but still I would like to ask these questions so I can understand how and what everyone is doing.
Questions for active rehabbers..
1. Are you currently activ...
Cash out question
My plan was to buy property using my heloc, whole lot cheaper than Hard money or private. Fix it and Then do cash out refi and pay my heloc back in 3-4 months.
I was about to get qualified with cr...
Hello,I'm putting together a deal for which I need advise from the great minds here.Deal details:Purchase: $232,500Estimated rehab: $15,000 (flooring, paint, and bathroom door)ARV: $310,000Since the rehab work is very...
DSCR loans are a fantastic tool for investors and can help them add rental properties when there is not enough qualifying income to get a conventional loan. But, as a Mortgage Broker we look for any and all ways to s...
I am looking to buy my first real investment property. It is for 125k with estimated 25k in rehab to make the basement into an apartment. I will live on the main floor. Rental of basement will be around 800-1000.
My ...