Reposting this in a bigger forum for feedback:I own 7 condos in a complex close to a local college. They were all bought for under 100k and are worth 150k now. My uncle who invests in property says I should post 2 of ...
Long story short, my wife and I found a great deal on a duplex that would easily cashflow $600+ each month. After viewing both units and talking it over, we decided to go for it. However, when we talked with our lende...
In continuing with my “HOW TO” series I thought I would post on a topic that has reared its head again lately – the notorious “due on sale” clause (key terrifying music). Every few years this will get talked about an...
When asking a private money lender for funding, do you suggest amortizing it over only the course of the loan or do you try and structure the contract so that it has a 1 year balloon with a longer amortization period?...
Good morning everyone!Today, I'm going to lay out the REI plan that I intend to follow over the next 2-3 years. In doing so, I hope that you fine members of BP will troubleshoot any short-comings that I do not see.Thi...
I am buying a fixer with hard cash loan. HML is giving me 90% of purchase price and rehab cost as well. When I refinance with a bank in few month later will the bank lend me 80% of purchase price or it can be 80% of A...
Dear BP Members,I have a question and hope to get your advice. I lived in a 2-family house for one year on conventional financing as my primary residence. I recently just moved out and rented out the whole house. T...
I am trying to purchase a second SFH investment property. I have one SFH rental that I purchased in 2021 using FHA (it was my primary residence at the time). I am trying to get a conventional loan this time around for...
I decided to post this in the STR forum instead of Loans because I think we'll get better responses from those of us in the STR world. In recent podcast #364, Avery Carl discussed her ability to purchase vacation ren...