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I have a lead on a house through my mailing campaign that my wife and I are considering purchasing for ourselves. What I am curious about is the financing.Say the agreed purchase price is $400k and house appraises fo...
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Hey community! New investor here, pardon any noob questions and appreciate your input.Working on structuring a seller-financed deal that would include a balloon payment at the end (say, after 10 years). In that 10th y...
As a buyer of a short sale property, I just learned that there is a 3% short sale specialist fee, which the buyer is responsible for paying. This fee adds up to $18k, which seems very high to me. I didn't hire the sho...
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My rental that I bought for $112k appraised for $134k. What can I do with the difference? Can I pull it out to buy more rentals?
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Anyone have a reference for getting a property with a newly built house appraised down in Lake City, FL?
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I know a Home equity or refi is 80%. I am buying a house appraised for $115k for $95k. I wanted to know if I could get a heloc for the other $20k.
Thanks,
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Hello everyone,
I am looking to buy my first investment property and could use your guidance! Thankfully, my house has appreciated in value significantly and although it is nice to have a low mortgage, I could be ma...
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I recently did a addition to my property, but I did the work myself did not have a permit pulled. Would I still be able to have my property appraised to refinance and pull out equity?
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Looking for advice as I am a relatively new investor: I found a house with positive LTR cash flow projections and negotiated the seller to under-asking ($340k). Our plan was to use a DSCR loan to finance (25% LTV). I ...
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As a BP PRO member, I am fortunate to get feedback from the best and brightest. Here's the situation;I currently own a 3 unit. I secured it 2 years ago using a VA loan. I am now seeking to purchase more property and w...