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Good afternoon BP! I'm reading more now than I ever have, trying to get myself in the best place possible to start my 1st Real Estate venture. My Road map is almost complete but I wanted to see what the community says...
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My situation Rental Property in Brooklyn NY, mortgage 86000, I have tried to refinance but only possible with a cash out, banks consider this loan to be too small, offered approved 157000, 30 years Mortgage (4.75%). A...
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Hello everyone! I am new to these forums and I just thought I should ask on here a question I had been thinking to myself. The context of this question is in the case of buying a 1st home initially under market value ...
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Hello BP,
I think there are plenty of forums discussing the theory, but I was wondering has anyone placed this into practice and what was the process! I plan on speaking with the lender as well, BUT, I have a home wi...
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I have an opportunity to purchase a SFH in Dallas. This would be my first purchase of an "investment" property, i don't currently own any properties. The house is currently occupied by my father and I would be being ...
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Hi all!I have 7 rentals across 2 commercial lenders. The first lender had to cut me off from further deals because they got bought out and their rules changed to not allow out of state investors. The second lender, ...
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My wife and I have a member managed LLC for about ten years. We own two rental properties in the name of the LLC and we own 10 more rental properties in our personal names. All of our properties have mortgages on th...
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Hi BP Friends!
I’m a new(er) investor in Wisconsin in need of some advice on how best to fund an off-market 8 unit (long-term). Purchase price 700K.
A little about me: W2 job (160K), credit score 800, ~600K in 401K....
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I purchased my house for 230k but the house will appraise for 250-260 now. Can I take out a loan for that amount and pull the equity to invest?
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Is there any advantages for the buyer (me) to get seller financing if I can get conventional loan?I have a w2 job, excellent credit and 25% down payment to get a conventional loan. The seller is going to do 1031 excha...