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Lender changed guideline have all docs. They were 90% of cost. Investor has the assets has done 3 loans has rental properties. This is a good deal. Purchase Price $67,000, $84,675 Appraisal is $205,000. Need hel...
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I am looking to buy an investment property in Charleston, SC in ~6 months time. My girlfriend and I plan to move down there and we'd love to house hack a duplex in Charleston proper. I plan to leverage an FHA loan as ...
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Hey BP!
I was hoping to start a thread to discuss what current RE investors are doing in and around Philadelphia in the current investing climate with the various obstacles that have presented themselves. I have gott...
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The title is the main question. But, is it because the market in an unknown state of prices of whether homes are going to be foreclosed on or not? Or is it because the banks have changed their requirements for cash-ou...
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Hey guys,
My name is Madhav, I'm a Data Scientist in LA. I've been in LA a few years and want to get into the local real estate market. I've finally gotten smart about my finances and I'm ready to start diversifying...
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I found a 4 unit multifamily unit with the numbers below. To me this is not a good deal but i just wanted to bounce my math off of others to make sure i understand how to judge these things.Purchase price 330,000Marke...
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This is a new one. I called a well known CU about a mortgage on a primary residence. They said if you own more than THREE rentals they will not accept a mortgage application on a primary residence. This is even if I o...
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@Dave Meyer wrote this interesting article supposing inflation has peaked, and interest rates seem to agree with him. I saw gas under $5.00/gallon in Reno, NV, today. If Dave and the interest rates are right, what doe...
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I'm considering a multi unit property over 4 doors, which pushes it into "commercial". The primary options for financing appear to be limited to DSCR loans. Not only are the interest rates ridiculous, the lenders so f...
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I am a new investor looking to BRRR outside Ft. Bragg in the Fayetteville area. I was looking for a property using the 2% rule as a guideline for a good investment but it seems that in this area deals tend to only sat...