Hey Guys!,I'm looking at buying my first duplex! I currently have a SFR as well, I will be owner occupying the new property so that I can house hack. I'm going conventional loan and going to put 5% down. I'm having a ...
I own two STR in Quito, Ecuador and one in my basement where I live in Alexandria, VA. Like everyone else I had two days where I had 8 cancellations. My heart sunk and I knew it was going to be tough. However, two wee...
I was the highest bidder at an auction, however the reserve was not met. Right away I received the offer below:
Even though your bid didn't meet the seller's reserve price, the seller is still ...
I've been house hacking my place (I rent out a 3-bed 2-bath residence and live in a small in-law unit in the back) for just about 3 years and have been setting aside money each month for my reserve fund. I'm getting t...
I have seen several different opinions on this matter but I wanted to get some up to date recommendations. I am working on acquiring and moving into my first househack (2-4 unit property) sometime within the next 3 mo...
About a month ago I posted in the "Starting Out" forum about mortgage limits and got contradictory responses:
http://www.biggerpockets.com/forums/12/topics/105907-real-estate-limits
I've done some searc...
I purchased my first rental property in March of 2019. I want to buy another one but my lender told me to wait 6 months to a year. Why?
I’m looking to purchase my late grandmothers house as an investment property for 80k from my father and uncle. The house should appraise around 100k-115k 3br 1 bth. Have a family member ready to rent for 800 month. I ...
Hello,I joined the site today and after reading the getting started materials I am taking the advice and asking a question to the user community.My wife and I applied for and received a “pre-approval” letter from a di...
A DSCR loan or HELOC for purchasing another mid-term rental? How does a DSCR loan work? Do they base it on my current rental property or primary residence?