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Hi BP Readers -We are about to go under contract on 7 properties in Kansas, about 20 units. Mostly college rentals, and we're getting them at a significant discount to market (even considering some deferred maintenanc...
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As the title says quite new to the world of real estate. I’ll try to keep it short and too the point. I would like to purchase a home from a family member in the next 6 - 8 weeks. Home hasn’t been appra...
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Terms in CRE lending that everyone should know...Adjustable Rate Mortgage: Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.Adjusted Gross Inco...
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I didn't know where to put this, so I apologize if it should be in another forum. Does anyone have experience buying HUD homes? I'm looking at a HUD home with potentially quite a bit of built in equity, as well as imp...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $166,000
Cash invested: $8,300
My First purchase. 1% rule. Duplex with an FHA Loan and I lived upstairs. Mor...
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I just bought my first property cash with hard money from a family member. I want to pay them back ASAP and would like to know the best way to go about it. Should I apply for term financing or cash out refinancing? ...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $930,000
House hacking a 4 Unit multifamily in northeast Washington DC. Currently the rents are well under marke...
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My mom has one home in SC that she lives in and another home in GA in which i live inside of. she wants to get a loan from the condo in GA in which she has 150k in equity. All of the bank ive called only do helocs on ...
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I talked to a lender and I could refinance my house and get $32K out of it. My new loan would be $195k at 4.9% and my current loan was orignall loan was at $170K at 3.8% (before being paid down to $159K). My new mortg...
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Investment Info:Single-family residence buy & hold investment in Island Park.
Purchase price: $250,000Vacation cabin rental in Island Park, close to Yellowstone National Park. Our second buy-and-hold property...