Last August we took out a HELOC on what was our main residence, to use as a down payment on a new house, which is now our main residence. We turned the first house into a rental. Under the new tax laws can the interes...
Can I Refinance My FHA Loan into an FHA 203K for Renovations? I would like to know the pros and cons as well as alternative options
I recently did a cash out refi on an investment property to pay off the line of credit I had used for the downpayment on said property.I have about $5k in funds left over, and I'm trying to figure out what to do with ...
Pardon my ignorance, but in reviewing some income statements for investments I'm trying to make sense of some napkin math concerning Net Income and Distributions. For distributions to occur for a multifamily property,...
So I own this property free and clear in the Miami area...not the greatest neighborhood ....property estimate based on an average from Zillow, Realtor, Redfin, Homes and Remax is $400k....the lowest estimate was $377K...
There have been several threads started here by folks asking questions about Unison but no responses from anyone that’s actually used the program. Just closed a deal in Brooklyn representing buyers using the Unison Ho...
I filed chapter 7 bankruptcy and this October 2022 will be 2 years after the case was closed. I have a credit score over 700 and have improved on it since I filed. I have researched and seen that for a conventional ...
Two years ago we bought a 2 unit property that also has garage that rents as an artist studio. After we bought it, we improved the property with cash investment and are now looking to pull cash out.We got a quote on ...
Good morning BP fam!I was curious as to if anyone knows how much of a rehab can be done if I plan on using an FHA loan. I know that to meet FHA requirements, the home has to be livable. What type of rehabs should I be...
I'm going to be doing a 1031 exchange on a property I own and I was curious if it is possible to use some of the funds to do capital improvements on the property(s). So say I purchased 3 homes which I understand is th...