Ian Harris
Contemplating 2nd Investment property in less than 2months
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...
Alexander Straffin
Starting out in ground up construction
Hi All,
I am having a hard time executing my primary rental strategy with these mortgage rates, and I am exploring other opportunities.
I have recently been looking into buying land and dropping a pre-fab on a slab ...
Veronica Perez
Can We get a FHA mortgage with score 640? our Realtor says NO!
Hi Everyone!I'm a little confused with this, I asked our Realtor if we can buy a property with the FHA mortgage and with 640 credit score because I found a property (a duplex for 175,000 000) that could be good for o...
Dawit Wo
DSCR - Loan Terms
I applied in May and appraisal was completed in less than a week. Yet, I received terms 2 weeks ago, and CTC this week.
Rate: 8.125%
Processing Fee: $995
Closing Fee: $1,360
Origination Fee: 2.650%
Admin Process...
Kaitlyn Aragon
NEWBIE FIRST DEAL-FLIP What is your opinion on these funding strategies? Next steps?
Hi everyone! The last post I did here in BP brought me SO much knowledge and wonderful people who have extended a hand to me. So thank you! I have decided on sticking with my strategy of flipping (I did a mentorship o...
Christopher Pearson
Need advise on structuring a loan for 100% financing
We have an offering on a piece of property for $300K. We have a real appraisal for $360K from two years ago. Property has increased in value somewhat, do not know how much. The mortgage company I work with does both c...
John Barnette
Strategy for high equity position
Was searching through old posts and couldn't seem to land on what I have been thinking about. Sure it is out there. Maybe time for discussion again..Basic strategies for equity appreciation and 1031 trade up. I have...
William T Stephens
[Calc Review] Help me analyze this deal
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*This link comes directly from our calculators, based on information input by the member who posted.
Alex Jacobs
Newbie interested in House Hacking and SFR with Downpayment Assistance
Hi BP, I am a newbie investor in Houston, TX and I want to build a rental portfolio. I’ve been told that “house hacking” or buying a single-family residence (SFR) with a downpayment assistance program and renting out...
Jeff B.
Purchasing a lease option
My wife and I are looking into purchasing a home, using a lease option. We have every intention on living in the house, and exercising the lease (hopefully 2 years) and completing the purchase. The home is listed ar...