Nikk Wong
Entering into an LLC with a friend to buy an expensive property
Hi, thank you for reading. I am a new-ish property investor. I have 4 properties that are all single-family which I rent out to long term tenants + airbnb. The income covers the mortgage and some of the prop tax on al...
Cody Ford
new to investing, help
Investment Info:
Townhouse buy & hold investment in Dickinson.
Purchase price: $208,000
Cash invested: $8,000
I bought this property with no money down with 4.5 % interest rate. I had my brothe...
Gareth Tomlinson
looking to learn, willing to work
Hi BP community!I have been looking to break into RE and have spent the past couple of months studying, networking, touring properties, meeting with investors, realtors etc.Like many others, the current pandemic has e...
Robert Mulfinger
Variation on BRRRR for Vacation rentals?
Hello BP, The Dream: Buy a vacation cabin, use it once or so a month, rent it out the rest of the time, make the cabin pay for itself. The Problem: The the problem with the BRRRR method (Buy, Renovate, Rent, Refin...
Bennet Sebastian
Financing options for a condo in an investor-heavy community?
I recently purchased a condo all-cash at auction that I am rehabbing and plan to re-sell upon completion in a couple of weeks. However I made a pretty dumb mistake buying in a community that is 80% investor-owned rent...
Jonas Harper
Running into issues with funding the expansion of my STR business
Last year my partners and I purchased 3 cabins in TN using 2nd home loans and we have done quite well so far. We are in the process of planning and designing a glamping site on 10 acres with a target launch of Spring...
Patrick Boutin
Refinancing hard money loan into traditional lending
Hey guys,Quick question as I just got an idea that I wanted to explore. With traditional financing, it seems that 20% down is the norm versus the 3% - 5% lenders may be willing to accept for owner occupied financing (...
Alejandro Valbuena
Is borrowing money from Private Individuals a good idea?
Hey everyone!I am looking to invest in my first real estate property but it appears that saving for a down payment of 20% or more could take me at least a couple of years. Because of this, I have been seeking alternat...
Mike Sfera
Right Down Payment Amount??
Hi all, first time poster trying to learn before I buy my first rental property. Question is, if I have the means to put a high enough down payment on a house to be cash flow positive (assuming my expense estimates a...
Kelly Thomas
Covid Buy Yields Big Rewards
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $515,000
Cash invested: $100,000
Sale price: $1,095,000
Purchased a SFH vacation rental in the middle of COVID ...