Inga Davis
BRRRR cash out refi - higher interest rate to get 80% LTV instead of 75%?
Hello all,I bought my first rental property in Columbus OH using the BRRRR method and money from my HELOC on my primary residence. I am now trying todo a cash out refinance to pay off my HELOC so I can repeat the proc...
Melisa Laura Díaz Cruz
Hi!Newbie in Miami
Hi everyone! I am currently living in Miami Florida and I am looking into buy and hold small multifamily rentals,I am also willing to do house hacking ,since it would be my first property I except to get a lower downp...
Raj G.
Private lending, hard money lending, License requirement in NJ
Hi,if I want to lend money to my friends who are investors/flippers. do I need license in NJ?What is difference between private lending and Hard lending?is there any terms and conditions like up to this amount no lice...
Oscar Buendia
Advice Needed - taking over remainder of loan/buying from mom
Hello everyone,Mother in law has a condo in CT with about 37K left to pay on it, nearby similar condos have been appraised at around 90K to 140K. My wife and I are trying to find out the best way to take over the loan...
Eric Bowlin
50%/2% rules do not lead to wealth?
I joined BP not long ago and learned about the 50% rule and 2% rule. Perhaps I don't understand these rules completely?.. Intrigued I sat down today to crunch some numbers:Assumptions:Expenses = rent*.5 rent = .02 * v...
Taylor Kendrick
A question about "appurtenances"
Hi there,I came across a section on appurtenances in my RE course and wanted to explore a hypothetical. First, here's an example of subsurface rights as an appurtenance (from the course):ExampleAn oil company buys the...
Josh McGuire
Question - First FHA in IN, Moved to CA, Second FHA Possible?
Fellow BP Colleagues,I have owned one SFR in Indianapolis, IN for roughly 6 years. I purchased via FHA but moved to Los Angeles, CA roughly three years later. Since then I have been renting out that property to some g...
Juan S.
Hud Homestore Contracts
Is anyone familiar with the way Hudhomestore.com handle contracts?I'm hearing that earnest money have to be sent to the listing agent before a contract is signed.This is not typical right?Is this a requirement for hud...
Brian Tootle
Local Banks and Credit Unions in Central Ohio
I purchased my first investment property a couple of months ago. It's a duplex in Columbus (43204). Both units are vacant and the rehab is almost complete. I am beginning to advertise for renters and am also starti...
Anthony Iemmello
How to put Reno on HUD at time of closing (brrrr method)
Anyone familiar with how to put the renovations on a HUD before the work has actually been done? Closing on our first NJ project this week and the attorney said we cannot show future expenses on the HUD. We are lookin...