Brendon K.
What kind of loan is used in BRRRR for cash offers?
David brings up an interesting point in his BRRRR book. He prefers to buy properties with cash straight up so he doesn't have a beginning mortgage. He mentions numerous advantages of paying with cash.When you pay for ...
Jarrid Kopras
Are you a Fix and Flipper in AZ or a Contractor? Difference?
Are you a fix and flipper in the state of Arizona or are you a General Contractor? What’s the difference? It turns out that a “Fix and flipper” is someone that is engaging in something called “contracting without a li...
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203k rehab and second tier VA refi?
Hello!
So I'm starting to plan for my next home (a little in advance). I already bought my first house (primary residence) with my VA loan. I'm due to PCS in about a year. I'm hoping to find an reo or foreclosed hous...
Dan Marr
First time buyer - Seeking advice
Hello,
I am trying to buy my first property to live in, and also plan to make it a rental after the first year of occupying it. I am wondering if I should be analyzing potential properties differently than I would if...
Angelica Crawford
Use Substantial Home Equity to Buy Investment or Buy New Primary?
Hi all - This is my first post, and I’m looking forward to getting some insight. I currently have $193K equity in my home with an estimated home value of $379K. We bought in late 2020 (in SWFL), so the interest rate i...
Dakoda Spencer
How to acquire REO's as investment properties
Hey all, I have a simple question.
I want to purchase an REO as an investment property but I'm not sure of the process. Do I need to be sure to tell the bank that it's going to be a rental or does it matter? I plan ...
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Freddie Mac Home Possible "Primary Residence" requirement
Hello All,I'm very interested in taking advantage of Freddie Mac's Home Possible program in order to purchase a multifamily 2-4 unit property. One of the requirements was that it would have to be my primary residence....
Ray Slack
Heloc question- Can you have 2 Helocs on 1 property?
I'm finding banks have a maximum amount they will loan on a primary home Heloc.. So, I'm thinking it may work to get 2 HELOCs from different banks. Say I have a primary residence that is worth about $1,500,000 and i...
Chris Mylan
Primary vs. Rental Property?
Hello All,I am very close to buying a property in Pittsburgh, Pa and wish to have it considered as my primary residence and rent out the other rooms. I rent an apartment and work in Washington, DC, but take very frequ...
Ryan Elam
2nd home loan impact on primary residence mortgage?
Hi there, I'm just starting my journey in STRs (have 1 up and running currently) and have a question....How do 2nd home loans impact your ability to qualify for a mortgage on your primary residence? One of my potentia...