Chris Hooker
Can't wait to get started!!!
Hey everyone! I'm Chris Hooker from West Columbia, SC and I'm looking at getting into real estate investing. I currently teach at an elementary school and own a small part time landscaping business. I'm really inte...
Katherine T.
Help newbie - take this deal or leave it?
Hello BP members, I am a newbie and have found a potential property in Birmingham, AL. This will be my first if I choose to proceed. As far as I can tell the numbers look right from my calucations. Asking price is...
Hunter Purnell
Cash out financing without a W2?
I'm curious if the BRRRR method is possible without a W2 income? I plan on flipping properties but is there any kind of DSCR cash out refinance? I won't have income from flips for a year on my taxes so I'm wondering i...
Maurice Caulk
Renovation money
Hello, I'm actively look for my first rental property now and I've noticed that most of the houses I go to needs a little TLC. My question is, what's the best way to come up with renovation funds (ex. the money to fix...
Brandon Turner
Helping a friend get a no-money down home
This is a deal I am working on now. Not for myself, but for a friend. I thought I would post it to see if anyone had any comments or suggestions.
My best friend Adam was looking to cash in on this stimulus money thi...
Jeremy Paschedag
BRRRR Logic Verification
Can you tell me if I'm understanding BRRRR?I have a SFR that I have had for 4 years with a 15yr mortgage with a tenant that I bought for 100k. Some reno's have been done. Payoff is 60k. If I cashout refi for at 80%...
Robert Palladino
Home Equity Financing Options
Hello All,
This is my first entry on the BP forums, and my first move into real estate investing. I'm not a finance guy so I’ll try to stay coherent. I bought my current home in Philadelphia back in 2012 for $130k, a...
Kyle Pettit
Any responsible way to recoup down payment for Investment Property?
My question is this: Is there any reasonable way to recoup the %20 down payment my bank is requiring for an investment property I'm looking to purchase. I'm new to RE investing and looked through the forums and didn't...
Jonathan Hoyt
Rough business plan review
My business partner and I are putting together our business plan and I wanted to share the particulars and hopefully get some feedback. We started with these goals:Business partner wants to retire in ~6 years.I want t...
Graham Watts
Recast or Invest Elsewhere?
I am considering recasting the mortgage on a rental condo I own and rent. When I purchased the unit about 28 months ago, I planned to live there long term and didn't consider cash flow and renting. Due to an unexpecte...