Account Closed
BRRR strategy confusion - Refinancing
I'm confused on the refinancing part of this strategy.For example, with obviously hypothetical numbers, you find this situation:Purchase: $70,000Rehab: $35,000ARV: $150,000So, your total investment is $105,000. You re...
Matthew Swearingen
Hard Money Lender Question
I live in CA and looking to invest in some homes. Currently looking in Memphis or others in TN. Im somewhat new and wondering if I can get some answers to questions. My credit is 628. I will have to go hard money from...
Anthony Pantoja
HELOC for Investment Property
Hello everyone!
I'm interested in obtaining a HELOC for one of my investment apartments. I've done some research and there aren't many lenders offering HELOC for investment properties. TD Bank is one of the few that...
Dioh Valentine
Investing in Dallas
Ok, so I am a veteran from Dallas looking to invest in a multifamily residential 2-4 unit property in Arlington, Tx. I'm looking to using the VLB in conjunction with my VA Loan, but my problem is im only receiving di...
Vivian Long
Is 4.24% a good rate for HELOC?
I'm a newbie with just a couple of rental properties...Looking at expanding with BRRRR and need cash. One of the options is HELOC. Talked to a few banks/credit unions. The best rate I found was 4.24%. Is this good eno...
Barry Cohen
Water main replacement in Rochester duplex
Question for fellow Rochester Ny investors. In process of selling one of my duplexes. The inspection revealed a pinhole leak, deterioration in water main. Buyer is requesting it be replaced. This requires a deal of di...
Danny Shore
closing costs & settlement costs
"When you receive a Good Faith Estimate, these are "estimates" of what your closing costs will be. The reason these are estimates, is the actual costs will vary slightly. There are several unknowns on a purchae transa...
Amy Solomon
1st flip w/ 80k in hand
I've been working towards this for years!! But now that I am here, I'm scared.
I have 80 k cash and 30k in credit. Don't know if I will pay cash or Get a loan.
Biggest concern at the moment is calculati...
Jonathan Roveto
Obtaining small apt. buildings
I've been thinking that, within maybe a couple of years and maybe with the help of some investments from friends/family, I'd like to obtain a small, maybe 8-unit apartment building. I have a couple of questions. Where...
Michelle Truong
Getting Pre Approved for a Loan Inquiry
Hello BP Fam! I'm in the beginning stages of getting pre-approved for a mortgage. I'm trying to figure out how much I can get with what I got before I can make any offers. I have good credit, no debt, and a pretty goo...