Account Closed
Including Rehab Costs with HML's? Can it be Done?
So I've seen a variety of answers to this question so I'd like to hear some personal experiences with this one. I'm wanting to know if a HML will lend rehab costs in the loan. Say a property is listed for 25K and need...
David Lee
Has this happen to you?
I from NC and the last week has been pretty cold around here. On Monday it was colder here then it has been in over 100 years. I had one of my renters call me and say that they had a water pipe to burst but that th...
Jeff Hogan
I'm a newbie preparing to be schooled
I've searched through the forums a bit; but, decided to go ahead and ask my specific question.
I'm looking at a short sale....sounds too good to be true so it probably will be. It's listed at 59k and the home is ass...
Eric DeVito
Help Analyze a Potential First Property.
Hello all! So I found a property that I am interested in. Just plugging in numbers in the BP rental calculator. These numbers are just "guessestimates". Not 100% accurate, I tried my best for a newbie. Anyway let me k...
Tyler McKendry
Rehab project.. estimated repair cost?
Hello,I am brand spanking new to real estate investing. I found a SFR 4/1 in a ghetto+ area (I suppose a C-?). 1100 sq ft, 4BR 1bath, 2 minutes to major highway and looks out over a lagoon. It's possible to turn the ...
Patty C.
Advice On Calculating Structural Issues
OK. I've found a property that I am interested in putting an offer on. This would be my first rehab so I am out of my comfort zone. I had a contractor look at it yesterday. It had the obvious issues of needing new roo...
Will Barnard
Mitigating Risk, a point of view discussion
In a recent thread, one member asked the other member the following:"I'm curious as to how you mitigate your risks? I totally understand using your own money has far less headaches than dealing with the banks or priv...
Chris M.
My condo complex needs $12,000,000 of repairs
an asssesment was done at my condo project, and it turns out tons of emergency repairs are needed. estimates range from $2-400k. Also non emergency repairs / phase II repairs costing up to $12,000,000. They'll be t...
Carole D.
House hack a multifamily in the San Francisco bay area?
My Husband and I are struggling to decide the best course of action and are hoping the BP community could weigh in with their advice...We live in San Francisco and currently pay $2,500 a month for a studio apt and hav...
Austin Dame
Owner-Occupied Investment Property Question
I'm looking to move out of my current house and buy a multi-family property where I would occupy one unit. I'm worried however because my house is a very strange layout. What if it doesn't sell and I can't owner occ...