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Hi BP community
I’m looking to purchase a 2 family in Bedford Stuyvesant as my primary residence. My husband and I will be using this property as househacking that we will be staying in the rental unit while renting...
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I've been doing a lot of reading these past few days. I've been analyzing my market and comparing them to others around where I live. I've been trying to do my due diligence, to come up with my business strategy, and ...
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They would be an absolute except a few people get lucky and put everything they have into a rental property and nothing goes wrong for a year or two, giving them time to build up cash reserves. Then again a few peopl...
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Hello BP,
I am having difficulties renting out my property in the winter. I have had two applications. It is a couple, one has a good credit, almost hits the income required, good credit score. Her Boyfriend isn't th...
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Hi everyone, rookie here and my first time posting! I would love to get your thoughts on this situation. I grew up around Boston and love the area. My boyfriend and I are looking to buy a small multifamily and would l...
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Hello Guys,
Question for guys looking to invest by end-of year in a multi family building.
Lets say it cost two million and has fifteen doors. Lendor wants 25% down. So mortgage is $9,000 what cash flow would be ac...
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Clear lake (houston) TX. 2b/2b condo 1000sqft
4% cap. 100% equity.
Purchase price plus all fees plus repairs $90k
Appreciation 5%
Market value $85k-$95k
Currently rented to a good tenant who pays on time with...
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Hello all,
I have a few questions about wholesaling in general & the process itself.
1. First, does wholesaling or searching for deals (in whatever way) make sense as a means of finding property to invest in? O...
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Hey guys,
I've posted a few deal analysis reports on properties I've found on the MLS or from an agent OOS
I've gotten a lot of "don't do turnkey" which I'm sure is good advice generally.
My question is though, if...
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I called my credit union, Navy Federal and asked them some specific questions about their mortgage programs. Here is what I found out:
1. Only a SFH qualifies for 100% financing.
2. 100% financing can't be used for...