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Hi BP,I have found a Condo that I am analyzing. But maybe I'm using the calculator wrong? The listing price they want for it is $180,000. If they're willing and accept my offer of $150,000, I'll have a cash flowing pr...
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I'm not to the point of leaving my day job yet, but am curious about refinancing when I get to that point. Right now to refinance with a lender they require W2, taxes, pay stubs, rental income, etc. Is it much harde...
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My wife and I just got prequalified for the first time in our lives and are planning on making our first small multifamily purchase this Spring. Before we got prequalified I had a long conversation with our lender abo...
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Hi everyone,
My wife and I are embarking on this real estate investment plan. We want to make sure we are going about it the right way.
Right now we live in a single family fixer upper. We moved here a year ago fro...
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Does anyone have a recommendation for institutions that will refinance a rental property under a LLC, for a fixed rate, 25-30yr term? I called all possibilities locally in Hunterdon County, NJ, and can‘t find any yet....
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Hi everyone, I’m considering to use a hard money lender for the first time in a deal. Of course, the eventual plan is to refinance the home as soon as possible through a traditional mortgage, to reduce the excessive a...
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I love to run numbers.I was thinking once I acquire x properties, I could move to doing it full time.Is it possible to refinance without w2 or any income whatsoever?
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Hello everyone,I have a couple quick questions about the BRRRR strategy. First, I love the idea of this strategy, and how it can help gain properties more efficiently. My first question is when it comes to buying. Do ...
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I have a rental property that I would like to brrrr, but I'm having an issuing with refinancing due to my high DTI ratio. The property was purchased using hard money. Do I find a portfolio lender?
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I have an FHA loan as owner occupant on a duplex in Coeur d Alene Idaho. The property has a mortgage of $320,000 and based on recent local comps is is probably worth about $370,000 (it’s (2)2 bed 1.5 bath 2600ft). Th...