Michal Kasza
BRRRR strategy question.
Hi all. So I'm aware that you all know what the BRRRR strategy is. However, I have a quick question regarding the final numbers. After the refinance of a property shouldn't the PMI be removed off the loan when someone...
Mario Essig
To rehab, do we get mortgage loan AND rehabbing loan?
I am trying to understand how investors are to purchase a property and have $ available for rehabbing then sell it. How does this work? Does one get a mortgage loan and then a personal loan to use for rehabbing? or......
Brie Schmidt
A lesson learned from Lending money to a BP contact
Today is a great day! I finally got my money back from a BP member after over 2 years. We had met on BP in 2015 as he attended my meetup group and over the years he was very involved with the community here in Chica...
Lauren Norman
How to house hack a MF home using an FHA
Hi! I've been reading a lot on BPP for the last 6 months now and am finally getting to looking at properties! I'm currently looking at some MF in the Hudson Valley and want to finance it with FHA, as it would be my pr...
Meshia Smith
FHA 203 Rehab Loan Inquiry
Has anyone heard of or had success with the FHA 203 loan? A mortgage advisor stated this is one of the best loans for newbies such as myself to get in on when starting in investing. I googled some of the information, ...
Debola Immanuel
SBA EIDL loan for investment property
Does anyone know anything about the ability to use the SBA EIDL loan for investment property? Is it allowed?
Michael Shepard
Commercial Rehab/Rental Project
I am looking at purchasing an old 2 story 8500 sq ft commercial building and am running numbers in the rental calculator. I believe I can purchase the property for $150K and it is going to take about $500K to white bo...
Bruce Thomsen
Trailer Park Financing
Hi BP Family, I am considering a purchase of a trailer park. There are 4 park owned trailers and 2 privately owned trailers. This is in NY.
Could it qualify for residential loan since only 4 are park owned?
Or wou...
Chris Reynolds
Looking to cash out of BRRR properties in Cleveland, OH
Looking for some advice and introductions to lenders,I have a property paid in cash, with no loan that is worth $70,000. I am having trouble finding a lender who will work with me to do a cash out refinance to complet...
Alberto Ibet
Mortgage Lien
This is my first post so I apologize in advance for not knowing the lingo..... I am searching foreclosed properties and located one that is being foreclosed by an HOA and the final judgement is $8000. I visited the ...