Mike Brown
How do you use the BRRR method to pay off a home?
For example, say you buy an $80k home with $20k down and spend $15k in renos. It goes up to $125k after a year of "seasoning", which is an increase of $45k. In newbie terms, what is the process of using that $45k incr...
Jerry Knight
Using Cash out refi to purchase 2nd rental property help
Hello, I am currently looking at purchasing my first rental property, being a single family home. I was intending to use a normal conventional loan to put down 25%, however that will absorb a majority of my available ...
Stuart Penman
DSCR down payment creativity
This is a DSCR newb Q. Is there any way to get a DSCR loan where instead of money down or to reduce the total up front $, we add sweat equity and use the equity produced by ARV in a BRRRR or BRSTRR to meet requirement...
Account Closed
First time - Seeing if my analysis is correct
Just looking for feedback to make sure I’m not missing anything - I will be house hacking my first place by living on the top 2 floors and renting out the basement suite, these calculations are for after one year I’ll...
Renzo D.
Occupancy Requirements for IRRRL
Hi All,So my wife and I just closed on a refinance for our home, we went from a VA loan to a VA IRRRL, and from 4% to 2.875%. Everything has gone well so far, except for one thing that worries me. The refinance docume...
Yogesh M sayanakar
How did I do on my first investment property?
Hi folks, I recently closed on a new townhome that I purchased at $302990 and rented it within less than a week for $2100. I did secure an 7/6ARM for 6%, and plan to be able to refinance within the next few years to a...
Paul Lucenti
Closed on our 9th property
We just closed on our 9th deal and first of 2025 - sales price was $115,000 and total monthly cost is $890.
HCV in the area pays $2,200. Fully renovated property all new untilities it seems like a grand slam deal.
W...
Rich Cee
How many homes can I purchase?
Good morning BP people! I have a simple question that may help evolve my business plan that I hoping for some insight on. If I qualify for a primary mortgage of about 150k-180k, will I still be able to purchase say 10...
Chris Waugaman
What do should I do with Rental Equity
So my wife and I own one townhouse rental property in Clayton NC and have about 200k-225k in equity. We have only had one family rent it and they have just signed for another 2 yrs ( once that lease ends they will hav...
Keisha F.
Lots of Equity... What Should I Do With It?
Hi everyone!So, I've seen other's post about what to do with their equity but haven't found a strategy that's right for me. I own a 4-unit property in Brooklyn that I bought for $650k and is worth about $1.8M. Excelle...