Under contract with HUD for a fixer upper... contract price is the bare minimum net HUD would accept, and intend close with cash. Survey results were a bit.. murky... due to a boundary agreement filed about 20 years...
Looking to buy my first property and will have my parents as non-occupying co-signers (I will be occupying the home though). Looking at the Home Ready program through Fannie Mae. I understand when having non-occupying...
Hello BPers - I am working with a seller of a mixed-use property in Silver Spring (20902 near Holy Cross Hospital) and I'd like to either wholesale it or keep it as a rental if I can make the numbers work. If I take o...
Keep in mind this is a 50-floor high rise by the Vegas strip. There is no way for me to check or guarantee some of these items. Renter's insurance won't cover me for pipes and fixtures for example:
"The tenant agre...
Hi there,
Long time listener, first time caller ;)
I'm located in coastal Southern California. I live in an HCOL area, walking distance to the beach. I have a $250k HELOC, which I had been planning on using to build...
Just saw some properties in Honolulu 96815, condos that are around $50k to $90k, 1 bed condos, that typically rent for $1400 to $1600. That’s awesome cash flow! Even with HOA fees as $600 you can potentially cash flow...
Long-time reader, first time poster and investor. In the middle of BRRRR rehab with hard money financing purchase and some of rehab. Plan to eventually cash out refinance with conventional loan in 12 months, but looki...
I'm looking to understand hard-money loans better and I'm hoping to get some help from the BP community.
Are most hard-money loans interest only?
For an interest-only loan, to calculate the cost, does the following ...
Hello everyone. This summer I did a BRRRR in Ontario and I'm wondering what I should do regarding claiming the renovation costs. I purchased the property at the start of July and renovated it until Oct 15th. In this p...
I was wondering, when analyzing a potential property to purchase, what % of rents do you account for to be vacancy, capital expenditures, property management, and repairs? I am starting to practice analyzing deals and...