Steven E.
Downpayment Financing: Unsecured Line of Credit & 401k Loan
Hello,
I am looking to buy my first property and employ a buy-and-hold strategy whereby I'll rent a single-family home to tenants (cash flow positive). I am looking at homes in the $70k-$90k range in Raleigh...
Account Closed
How do you buy multiple houses a year?
I already own 1 property...my 1st house. I will be renting it out soon. If all goes well I'd like to continue to buy more homes, but I'm confused as to how people buy multiple properties a year.Do you have a business ...
Mark Minter
Use cash out refy to expand portfolio
Objective: Have 2 rentals that are currently equity rich (owe <50% LTV). Looking to expand portfolio using cash out refy for 25% down payment on investment property (2 story duplex).Questions: 1) Will most lenders...
Peyton H.
Small Multifamily investing
Hi all,I just moved back home to Marietta and am looking to buy a small multifamily with an FHA loan in the North Atlanta area. I have been saving up my cash reserves and researching this strategy for some time now, a...
Moshe H.
Personal loan to purchase real estate
I have excellent credit and I've been getting offers from various companies to take out quite large personal loans. For example, SoFi sent me a pre-screened offer for a large loan at attractive terms. But their rules ...
Lyanne Scott
Carrying costs of hard money loan for 13 months
Hello,
Great to be here, as a newbie - so much good information! Hoping to gain some clarification/insight, as I must have missed something: I don't see how to carry a newly rehabbed property for the typical 13 mont...
Justin Melton
5% down Fannie May Change
I am looking for a 4plex plus in a resort area near a beach (prefer Florida panhandle) but I don’t see many of these anywhere. Could you in theory buy a 4 plex for $1,000,000, rent 3 units, live in one and only put 5...
John Hooper
New investor, looking to help my mom
Hi BP, I'm looking for some feedback about the strategy my mom and I are planning to use to get her monthly cash flow back into the black and help her eventually retire.Background:My stepdad recently passed away unexp...
Brian Egger
Low Down Payments for Out-of-state / Multi-family Investors?
Hi Milwaukee!I'm a first-time, OOS investor looking at duplexes in town. I've found a couple strong deals, but haven't found a lender that will offer me under 25% down. I understand this is the norm, but is there an...
Patricia Miller
First time home buyer
Hi guys, looking for some info. Hope someone here can help. I have been living in my primary property for over 10, which I acquired through the first time home buyer program. Now I'm wondering if I can do that again s...