My offer was accepted on a duplex but I am not understanding how my mortgage lender ended up with the loan amount. Here are the figures. If there is other info you need, please let me know.- Sale price 90,100 (The sel...
Yesterday I went through my first ever closing process on a duplex that I will be owner-occupying! I had to go through some crazy things to get to closing, both my buyers agent and mortgage banker said this was one of...
I’m currently looking to purchase a $220,00 duplex for 3.5% down with a partner. In year 1 I will be living there and renting out the 5 other bedrooms to friends of mine. After year 1 I plan on moving out and renting ...
Hi I am a current homeowner and want to get a 2nd property for short term rental.I am wondering what would be the best course of action in terms of getting a loan for an investment property.Would you recommend getting...
Hey BP,Have any of you used this strategy? I guess its not much of a "Strategy", but more of another way to get into a mortgage. Im starting to look into my second rental property and would be moving out of my curre...
I have now been living in my FHA-purchased duplex for 6 months, and I wanted to share the story to encourage those who have been waiting on the sidelines stuck trying to figure out how to get started. If you read the ...
Hello everyone on the Bigger Pockets website! My name is Jared Maches and I am a newbie investor. I am currently going through the market to figure out where to start my investment portfolio. I want to invest in Buy a...
Hi Everyone!
Before we introduce ourselves, we’d like to thank the BiggerPockets community. You all have been invaluable resources for us as we’ve begun the process of investing in our first property and we hope to c...
I am not a real estate investor. Let's just start there, lest you think I have any idea of what I'm doing!! ;-))) (chuckle)
I have my eye on a house - REO asking $200k; says 'cash only'; will not qualify for conve...
Case Study for Houshacking in Minneapolis, Minnesota:Bought a duplex for 3.5% down on an FHA mortgage: $6370Rehab said duplex: roughly $10,000. This consisted of carpet, laminate floors and paint in the lower unit, co...