Spenser Hachey
Worcester, MA Rental Properties
Hi All,After crunching the numbers using a mortgage calculator, I'm having difficulty finding a property where I can cash flow from day 1. Let me break it down for you:Boston prices are sky-high so I plan on house hac...
Moncy Samuel
Analyzing a duplex Property
I am looking to close a duplex, 2 Br, 2 bath on each sides under contract for $88k + closing cost. Currently rent for around $525 / unit and separate utilities. Not sure if the water bill.Is this better to close with ...
Simmy Thompson
Using a home equity line as a downpayment
Hi everyone,Is it a good idea to obtain a home equity line to use for a 20% downpayment on an investment condo? I've bought two homes thus far and one was a bad deal - buy and hold, the other is my current residence ...
Roger Kumapayi
Partnership for Rehabbing
Hi all:My wife and I are looking for a potential investor partnership for RE investments in The Greater Tampa Bay area - someone that could finance 20% of the purchase and rehab price, while we would finance the res...
Thomasina Pearce
getting approved for conventional loan as contract worker
Hi BP family! Are there any investors whose primary source of income is 1099 or other contract work? If so, any tips on how to appear as stronger candidate for conventional loan? Especially if your income fluctuates m...
Ben Josephson
Everyone told me not to, but I did it anyways.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $216,000
Cash invested: $10,000
Sale price: $330,000
I bought this 4 family with 10k down and was able t...
Account Closed
Question about portfolio lending to normal 30yr refi.
There are alot of what-ifs and other things that need to happen for me to do this first, but I wanted to field this question to some experts to get thoughts on whether it even makes sense to begin with. My potential ...
Meryl C
Condo multi family and sell one unit?
I have a nice and well-maintained three-family in a desirable area. I'd like to condo it, but not sure I want to sell all the units right now. Ideally, I'd like to sell one, which would enable me to pay off the mortg...
AJ Wong
What is a strategic mortgage partner? Why every investor & Real Estate Agent need one
As primarily a luxury STR buyer's broker and 20 year mortgage broker I can testify the importance of a reliable and experienced strategic mortgage partner.
So what is an integrated mortgage partner?
- A licensed N...
Brian Gibbons
News - CFPB Only
I started this thread because I have email alerts on the CFPB every morning in my email.
Here is the newest one.
http://www.housingwire.com/articles/print/29846-cfpb-proposes-3-changes-to-mortgage-rules...