Folks,I was in the process of increasing my HELOC limit when BoA mentioned there is a new FHA limitation on HELOCs where the total number of mortgages someone can have in order to have a HELOC (bear in mind I was just...
Friends,To this point in my investing I have either bought my properties for cash or was able to get commercial loans with 30% down. Frankly, i've use most of my capital and want to keep reserves. I want to expand and...
BP Community,
I am seeking your input on developing a contractor garage. I was recently introduced to this concept, and I am fascinated.
For anyone with experience in this venture, I’d like to understand your end-to...
My own current month-to-month rental agreements I propose are pretty simple (KIS is my philosophy when it comes to paperwork, etc) and require minumum 30 days advance notice from either party of vacating unit. Same in...
I am preparing to rent out an upper middle class home in the best school district in Charlotte, NC. Homes range from 250,000-multi-million dollar range. My home would most likely appraise for around $350,000 and I pl...
Hello world. I'm Rob from Harlem. I've been renting all of my adult life. I'm interested in investing in perhaps a multi-family dwelling in an effort to leave the renters world and also generate some income.
Hey all, looking for a little guidance from the more knowledgable folks around here and would appreciate your input.The broad picture is that I'm looking to move out of my current home that needs work and keep it as a...
Hello,I have a contract with a builder that has the following clause and I am being told I need to pay 10% over the previously signed contract price due to increase in lumber price (which seems to have fallen 3X since...
I’m interested to know how long term hold strategies work on multifamily. I’ve never done a large multifamily deal but when I do the math not sure how anyone can make any Money on a property doing a 6% CAP or less. I’...
I'm getting hung up on part of the BRRRR strategy, can somebody explain it to me like I'm a small child?
Example: I buy a 40k house, put 8k down and spend 15k on rehab. Now it appraises at 80k. The bank lets me r...