What do you have to pay upfront to get a HELOC? And is there a certain amount of the original mortgage that has to be paid off in order to qualify for a HELOC?Thank you.Charlie
Hello,I purchased a fixer upper a few years ago for around 10K at an auction. I invested about 25K back into it and did most of the work myself and it's appraised at around 65K now. I live in a college town and my fi...
I have a potential opportunity to acquire multiple properties from a single seller and wanted to get some advice from folks. This would be my first time attempting this.
The properties are 4 duplexes (8 units) that ...
Debt coverage ratio is only for commercial loans correct? It is not a figure I need to be concerned with for purchasing 2-4 unit MF properties? Is the residential loan equivalent the DTI?
Prior to getting married, I purchased a home by myself with a USDA loan. To this day my wife is not on the loan or title. We still have this house and use it as a rental, USDA loan is still in place (no refinancing)...
How would I be able to bundle my current loan I have with my lender with a new residential loan, I'd like to buy a duplex to house hack in the next 3-6 months. What are the benefits of bundling loans? What are some co...
Hey BP fam, i currently have a self loan through my own personal bank to help establish some credit now should i wait till its paid off to get a secured credit or should i get one already and also should i get another...
What is a good way to get accurate rent comps with existing tenants based on the area? I have a duplex in cleveland with a combined 2,336 sq. ft. Are the comps from the Bigger Pockets per unit figures? Each unit is $7...
Anyone know how the Surplus calculation ($37,300 in this case) is computed under "Downpayment"?$45,000 PURCHASE PRICEPurchase Closing Costs$2,300.00Estimated Repairs$55,000.00Total Project Cost$102,300.00After Repair ...
Hello BP family! My wife and I have been wanting to get some skin in the game in regards to purchasing our first fixer upper. I know I know I’ve heard all the horror stories when it comes to flipping however there’s a...