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Can somebody please clarify the HELOC for me, please? I'm going to be closing on my 1st rental property on May 1st. Upon closing, I will instantly have approximately 50K in equity in the house. I was under the impr...
Hi,I'm completely new to this REI. I regret not investing in 2012 when prices were rock bottom. Anyhow planning to do my first REI so we can rent it. Our current primary home is already paid off.Questions:1) If we hav...
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Hello everyone, we have decided to dip our toes in short term rentals in CA. I currently own two properties, one of them is cash flowing nicely in Arizona.
We live in Nevada and want to build a short term rental in ...
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Hi all, new to the BP community with my first post here.
I’ve done a lot of research on hard money loans lately. I’m looking to buy my first rehab for rental. I’m curious if one can buy property at an auction with ha...
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Hey guys, brand new member here! Looking to by my first rental property. Looking into Memphis, TN and Huntsville, Alabama markets. However, I may have a problem. My question is...is it possible for me to get a loan fo...
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Hello, I have been approached by an individual who is looking to sell his two properties (4 Unit 2BR, 1 BA and 2 Unit 2BR, 1BA). He is looking to do a cash sale of these properties and doesn't want to split them up, t...
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Hello Everyone!I have two rentals in Memphis. Both are 3BRs, and they both have Section 8 tenants in place. One home is being rented for $1100/month and the other is getting $1250/month. Both homes were purchased in c...
Goal: purchase 35+ acre's with existing home, ag status as new primary residence for family of 5. Zoned for second home build on property. Mobile Tiny home/Airstream to be placed. Projected purchase: $1,100,000, 10% d...
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Hey Everyone,I've recently been looking into the Refi part of BRRRR strategy on a property of my properties.I have talked to only one bank so far, a credit union. I have 2 other mortgages and they informed me that the...
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Hi BP Community,
I'm analyzing a my first CRE deal and I've built out a very dynamic model in order to run CF projections. The total build will be roughly $4 million (Equity = $900k and Debt = $3.1mil). The end goal ...