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Hello bp fam, I’m getting closer to buying my first property. I’ve been educating myself and saving money. I have about 10k saved and I just got approved from a local bank for a line of credit for 10k. I have good cre...
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Looking for advice from you BP pros out there.I will be purchasing either a single family residence or multi family residence home in the Cleveland, Ohio area no later than January 2025 and intended on purchasing usin...
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Hi all,
First time post as I get ready for my first investment. For the PA investors out there or maybe in other states with high transfer taxes (2% of property value). Curious on whether you've found the math more f...
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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...
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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 ...
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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...
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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...
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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...