Nolan M.
Best way to cash out Refi a BRRRR
Here's my situation. I'm planning on trying out the BRRRR method to acquire my next rental. I'll be buying the house in my name (no LLC) and I'll be using a HELOC from my primary residence. Am I correct in assuming my...
Austen Mueller
Buy A house for less than 10k
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $176,000
Cash invested: $7,000
First HouseHack In Reading PA. Leveraging a FHA loan I was able to buy a turn...
Michael Myers
How to Add Refinance Costs to a Property's Cost Basis
Hey Everyone! I've been working through Brandon Hall's guide to the treatment of closing costs (link) while finishing up a refinance, and I think I have everything figured out except when he says that some costs are "...
Tony Gatto
How to assign on this deal ?
I have a home that i just put under contract. However i have a decision to make and would be interested in some other wholesalers opinions ... so here goes
Seller agrees to prices 27k and signs contract. Howe...
Daniel Loane
Purchase agreement defines seller to cover closing cost - what does it mean?
Hi BiggerPockets Community!I have a purchase agreement with below terms. My understanding is that Seller pays closing costs as per this contract, including Owner's title insurance, settlement fee to title company and ...
Raul Ruvalcaba
Mortgage or Refinance property? What move to make
Hello everyone, I need some advice as to how to proceed in my investment quest. I currently have 4 mortgages. I been saving up for awhile now... I been able to saved approximately $50k. I thought of investing half and...
John Corretti
Calculation of Cost Basis in Turbotax
Below is an excerpt from a Rental Property Cost basis worksheet taken from Turbotax. Basically they took the amount I paid for the property $83k, then added in some loan costs, plus $2k in Capital Improvements. Then I...
Tyon Pascal
Any Advice on Owner Financing?..
Hey BP. Currently have an offer in on a property. The seller/owner is willing to do owner financing. Zillow has it for 200 + and the county has it listed as a multifamily. We have agreed to write up the contract for 1...
Shai Flax
I want to know Pittsburg better- Hi BP!
Hi everybody!My name is Shai and I'm OOS (or even OOC) investor in PGH. I have one rental already (15204) and in the process of purchasing my second one.In this past year I have studied PGH and the neighborhoods and I...
Jack W. Wong
origination charges
Hey all,I'm buying my first personal residence in Houston and the company said if I use their mortgage broker there will be a 4000 closing credit. send me the prequalification letter with the following origination cha...