Nithin Mathai
STR Rehab Loan w/ high DTI
Hi BP friends! I am looking at purchasing a home in Vermont to use as a STR/Airbnb/Vrbo and vacation home for my family. My DTI is too high to qualify for any conventional financing. I am looking at DSCR loans, but do...
Carissa Meek
General estimate for Reno
I need a rough idea of what it might cost to rehab a 1950’s home from the studs. Someone started the job but either ran out of money or ran into a costly problem. All gutted and trash cleared. 2500 sf
Tyler Sharrett
Our first real deal. Not a home run, but a solid single.
Investment Info:
Single-family residence buy & hold investment in Wichita.
Purchase price: $27,500
Cash invested: $71,000
Contributors:
Kristen Williams
BRRRR bought at auction.co...
Mark Brazier
good deal or bad deal?
There is a property I'm currently interested in and I'm wondering if I can get some opinions. It is on a main road in a smaller town so it is busy but not too busy. Every house on the road which is about 50 homes are ...
James Mason
Hud 221 D4
I have just started looking at obtaining HUD financing for a 30 unit townhouse project that I am doing. I would need to borrow 3.3 million for the project, including purchase and developing the land and construction ...
Olga Kostrova
Financing dwonpayments - how to, 2nd position loans?
Hi guys, how do you structure a financing offer for a private lender/investor to make it attractive for them to take the 2nd position for a fix and hold property?
Let's say, I want to offer equity to a lender but wou...
Andrew Adams
looking for some guidance
Hello! I'm a newbie in the Real Estate game. I'm looking for my first property, but I live in Southern Illinois. The properties are cheap for some of the single family homes and I'm just not sure if I can be profita...
Jordan Bateman
Created a Deal Analysis Spreadsheet-Looking for Feedback & Comments
In the process of creating a spreadsheet that can help me and my team quickly, and accurately analyze a deal, I've created and excel workbook on steroids, possibly overkill, but I can't let it go to waste.
I starte...
Mark Ferguson
Update on me and my flips including a $500k + purchase
Hey everyone, I have been busy this year and have not had a lot of time to post on here. I thought I would post a quick update on what I am doing. 1. I am up to 16 rentals. I bought five more in 2015 and plan to buy 1...
Hugh Cross
How to negotiate purchase price to include reno/repair cost?
Can someone explain how deals are done to include repair costs in the mortgage loan amount? I recently saw that someone purchased a $140k property and got a $200k mortgage. If it appraises for $200k then do you just ...