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A month ago, not one would have guessed we are in the situation we are in.Considering the unthinkable, A troubling thought occurred to me:What will people do if they can not do a cash out refi? The BRRR model does no...
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I purchased a building over a year ago in Iowa and have one remaining long term tenant (11 years). He's elderly, has emphysema, smokes at least 2 packs of cigarettes a day. He refuses to stop smoking indoors (he can b...
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Hey is anyone here using a credit based SLOC (syndicated lines of credit) product profitably as a real estate investor?
I own a business financing firm. I have access to 5 or so lenders that help individuals use the...
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My assumption is that the best thing is to "simulate" potential risks as well in a sample deal. At the same time am I correct that due diligence and good underwriting can curb much of this in a real scenario? How can ...
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Hello Everyone,
Has anyone used the BP rental property calculator for multifamily buildings over 50 units? Does it work well for those calculations? Is to cumbersome since you have to enter each unit?
Thanks for you...
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Has anyone ever heard of or used "Lending Tree" for any type of financing? More specifically a home equity line of credit?I am currently looking to get started in doing some flip projects. I was planning on using a li...
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Recently closed on a 203k loan. We are in the process now of getting the building permits but have to apply for a variance for our property. Most of the variances get approved but some do not. My question does anyone ...
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Hey guys, the market that I'm focusing on (metro Detroit, MI), is full of houses that have either fully plaster walls or walls that have a plaster veneer on them. I plan on doing a lot of the cosmetic renovations myse...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $382,000
Cash invested: $50,000
I call this one the BEIGE INVASION monstrosity. It's a whopping 5 bedrooms and 3 ...
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Hello BP community,My husband and I (well mostly husband 😀), will be finished renovating a home we purchased in California, in a few days. We have owned it for about 40 days and are flipping it. From what I have read,...