Sama Pa
STR strategy - choosing a market for a newbie
Looking to diversify and wanted to ask BP nation about choosing an STR market. I've heard the suggestion to choose a market which you can easily convert to LTR. Then, there is the other school of thought that you shou...
David Friedman
Is this Development Fee Fair to Other Partners? Development Fee
Background:Three friends of mine own adjacent commercial land in San Bernardino, CA. All together, its a little over 3 acres and we hope to build a mixed-use project with ground-floor retail and 3 - 4 stories of housi...
Zatch Jason Pouchprom
Question about refinancing out of an FHA loan into a conventional
If a person were to do a house hacking strategy with an FHA loan with the 3.5% down payment and then live in the residence for the required year’s time would you be able to refinance into a conventional mortgage and i...
Account Closed
Partnering up for a percent of net profits
Hi All, I have a deal that came across the table and am curious what you think or if you have any advice. The investor purchased a triplex for $1.4mm and will put about $150k into it over six months. with about 20% do...
Cheryl Fung
Commercial loan terms on loan amount above $1M
Hello BP,I'm in CA and need some advice on some commercial lending terms. A lender provided some loan options for a 10 unit building. I'd like to know if the terms provided are typical of today's commercial lending...
Rob Lawrence
BRRRRing a House in West Chester, PA
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $450,000
Cash invested: $60,000
Working on the rehab right now, but expect it to be worth around $700k when complet...
Ana Lidia Standing
What would you do if you were a first time buyer?
I am planning to get my first investment house; I don't want to use my savings, so I have an equity line of credit for 50K and got pre-approved for a loan up to 300 k? it has been very difficult to find a house that ...
David Edwards
Splits and ROI when using OPM
Afternoon BP, I'm closing on my first small multifamily deal on the 30th of next month and am now sitting on a few deals with decent returns (on paper at least). When looking for funding how are the deals typically st...
Blake Shaw
Case study for investing in Atlanta
Hey Bigger Pockets! I custom build and remodel higher end properties in the northern Atlanta neighborhoods, mainly Brookhaven. I have the following scenario for investing with a couple of pictures of a recent pro...
Dustin Taylor
HELOC, Interest Only, Hard Money
Any lenders offering HELOC's on investment properties? Are any of these options a fixed rate? Any lenders offering interest only loans?Any lenders offering 5% down payment for a hard money loan on the right property?