I recently applied for an $80k HELOC to cover some of the purchase price and rehab costs of a deal I was looking at. Yesterday the bank called me and said that I qualified for up to $170k. Of the original $80k I app...
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I just completed my first 3 family purchase with a mortgage broker my real estate agent recommended. I was frustrated with all the financial documents they needed to see. Here I am putting down 25% of my money, have ...
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Buyer can't get approved due to not having 2 years of taxes returns. Also, they have I-90 status(I believe you can file Taxes but no SSN), Not sure if this is issue as well. Not my buyer, another Realtor reached out ...
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My Fiancé and I HAD a plan to wait 2-5 years to buy our first time home, and just be in a better financial place (paid off credit debt last month, working on his student loan and my personal loan. Gotta love 18 year o...
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Hello, I am brand new to Bigger Pockets. This is a somewhat long post of me explaining my strategy and asking for experienced advice on joint venture rehabbing... Currently I’m reading all I can about RE and from many...
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Hi BP, I'm a newbie investor looking for some guidance from our Dallas-Fort Worth investors. I have a meeting with a homeowner and here are the numbers. ARV: CONSERVATIVELY $290K (RICHARDSON TX)REPAIRS: $20K (FOUNDATI...
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Thanks for your suggestions below.
I bought my first rental property 3 years ago for 336K. It’s now worth 470K. Mortgage including taxes and insurance is $1750 a month, and rental income is $2500. Right now I’m payi...
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I am closing on a HELOC for the condo I purchased in 2016. The HELOC would serve as my reserves for a 4plex I’m in the process of purchasing. I am a little time crunched on needing the funds since I can’t close on t...
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hi everyone, today I seen a fourplex for sale for 250,000 dollars. I'm wondering what is the best way to obtain financing when you have bad credit. I've heard a lot about using other peoples money but how does that wo...
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Purchased 1st investment property last month for $89K, appraised for $119K. Should have it rented for $850 by the 1st of Jan and the mortgage is only $564 ($286 passive income/month). Just came across another prope...