Brian Schroeder
divorced and not sure what to do with my house.
I am recently divorced and I can afford the payments on my house. It will be tight, but I can do it. I have always wanted to get into real estate investing, but just a little nerves. I was want some advice on wh...
Emily Berry
Including Repair Costs in Bank Loan If Property Appraises for Purchase Price + Rehab
Good morning, BiggerPockets Community.I am going to buy my dad's house for my first flip. Orignally, I was going to buy the house for $200,000 and use either hard money or a HELOC for the rehab costs. Then I thought I...
Michael Hoover
Have 14- "5yr ARM loans" with local Bank - Can I still apply for Fannie and Freddy?
I have 14 single family home loans spread between 2 local banks. Each of these are 5yr ARM(amortized at 15 or 20yr). Is it possible for me to still acquire Fannie and Freddie style loans or does the 10 cap still...
Ryan R.
Making an offer on a flip
I had a question on making an offer on a flip. I’m putting dummy numbers just for the purpose of the question, but please let me know if the numbers are wayy off. Let’s say you get the house appraised for $300k and wh...
Ryan Mainwaring
Franklinton BRRR Property
Investment Info:
Single-family residence buy & hold investment in Columbus.
Purchase price: $72,500
Cash invested: $74,400
Completely rehabbed the interior of a 3 bedroom and 2.5 bathroom single ...
Account Closed
Cash back at closing paid to contractor. Tax implications?
I recently purchased a home that appraised for $135k. I was under contract at $115k when the inspection report came back indicating it needed a brand new roof. I walked away. However, the other agent came back and off...
Account Closed
Bank says duplex apprasial is expensive ($835)due to rent schedules evaluations etc.???
I asked if it will be an in house appraisal, drive by appraisal, or a full appraisal so I can have an idea of my costs. This is a duplex, im putting 20% down, getting a 30yr fixed mortgage. Here is the answer I receiv...
Jon Haney
Forced Appreciation from Repairs?
Hi all, Recently my SF rental property had some pipes freeze and burst, causing a considerable amount of water damage to the house. After moving the tenant out, the property manager repaired the damage, and in the pro...
Joshua Ryan Davis
Home equity options for investment?
Hey I am new to real estate. I Refinanced my house to rent or flip a house paid off. My question is. If I a keep as rental. How do I go about taking equity out of a house that is paid off. I will need to get insurance...
Cesar Lopez
Refinancing on house with low appraisal
Hello community. Recently I purchased a single family house cash in Philadelphia. Right now, I would love to put a mortgage or some kind of home equity on the home but the issue is the house is only worth 35-40k. I...