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I am in contract on a vacation home that I will also use as STR. I plan to use conventional financing. The lender stated that if I say it is going to be my primary house, then the down payment is only 5%. Where as if ...
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I am just starting out exploring options for private lending for Brrrr deals. I seem to have maxed out what I can easily borrow from banks with my current 5 units. I have good income, credit and equity, but I simply h...
Hi, I'm new to BP and Real Estate in general. I've been reading and learning a lot and decided to get started in this by buying a duplex and living in one unit while renting out the other. This would be in the Houston...
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Hi. I am looking to start with multifamily units but Im wondering how I can afford a decent unit to start with. What options do I have for finanacing? I am planning in buying a unit and living in one apartment. I ...
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Hello BP community!I recently purchased my first home about 8 months ago and I'm looking to buy another in the area to rent out. I had a conversation with a lender this morning and he mentioned that the underwriter fo...
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Hi All,I’ve been doing some research on STR but mostly what I see is that you have to use your primary residence as a str and can’t do it with an investment property. This can’t be true….I have an opportunity on two d...
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Im studying multifamily in an effort to move from single family rentals to Multi's I have a few beginner questions.
What's a good average to use for operating expenses? 40%? I'm asking because in evaluating gross re...
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Hi everyone,
We received an outrageously high water bill and I wanted to ask for advice or guidance.
We live in a non-metered single family house.
We called the Chicago Water Department, and they informed us...
I'm a Canadian interested in vacation real estate investment in Tennessee. Which city/location in Tennessee is the best to invest? What is the best way to source for these properties? What are financing terms for Ca...
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Hi Everyone, I wanted to introduce myself as a new investor in the Boston area. I've been a long-time lurker of BP, but am finally finding the courage to start RE investing on my own. Technically, I'm starting a RE bu...