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Hello, Community!My wife and I are (hopefully) nearing the end of a 2 flat rehab project in Chicago. We were noobs who fell into a great deal, however, it ended up being a total gut—taking us almost two years. We blew...
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NC BiggerPockets Community,This is directed at those of you who are interested in the 203K loan. Done one or more 203K loans? Great! Who would you recommend as an FHA consultant/contractor?Never done one? Also gre...
I was wondering, if you currently own a multi unit property (let assume 5 units, 4 with the same surface one a bit smaller), let's say bought for $500.000 and you only sell one unit for $170.000, how the capital gain...
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BP Community: I closed on my first deal about a month ago and it feels GOOD. I have the real estate bug bad now. I acquired my first property via online auction for 45% of ARV using a HomeStyle Loan. I'm in the middl...
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If I sell an investment property can I use those funds to refinance another property to do renovations?For example: I sell a $200,000 condo with no mortgage debt on it. Then I refinance a property that I already own t...
Hello everyone!I'm hoping to get some help as I've been going in circles with my loan servicer (Freedom Mortgage) regarding the steps to remove PMI before two year seasoning. What has happened so far:-I purchased the ...
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Hello everyone, this is my first post. I tried using the search button but was unsuccessful finding the answers I was looking for. I have decided to purchase a house and doing the rehab out of my own money. Regarding ...
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Hi,
I am eager to begin investing in multifamily real estate for the long-term cash-flow, but lack any significant capital to do so, especially in my area (Los Angeles).
I've been trying to think of creative ways to...
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The situationHouse is rented for $2,200/month. Property is currently in a bridge loan ($2,200/mo). Rehab took much longer than intended for various reasons numbers quit working as interest rates went up. I'm self empl...
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Read this morning that through intense lobbying by the mortgage industry ( some one got through to someone to talk sense into them)the govmit suspending the 7% rule this should put some downward pressure on Investor ...