Ok I contacted a mortgage lender in my area about what I would like to do.

Here is his repsonse...

There are rehab loans you can utilize for something like this. A lot of them
require a builder and a lot of headache...

When renting a home by the room, do you all have any stipulations in your lease that are specifically for a rent by the room situation?

I have a lender that will loan me up to 70% of the ARV of a property. That 70% is only applicable to the Purchase price and rehab costs. My concern is that if i estimate the ARV over what the bank says it's worth I n...

Hi All, Wanted to start a discussion on peoples outlook on the real estate market and the economy in general. I know it is a controversial topic but I have not seen many discussions on BiggerPocket on this topic and I...

Here we go - it's just the beginning . . .  Is your Broker returning your calls?"This Is The Tipping Point": One Bank Is Calling For A 30% Market Correction

An interesting read: https://www.biggerpockets.com/blog/federal-reserve-to-lower-rates-six-times-says-ing-economics?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%2012/07/23
I’ve seen a fe...

Many of us experienced folks on the forums the last couple years have been expressing concern about people being overleveraged and for strategies like the BRRRR method. Myself, @Jay Hinrichs, @Alexander Felice, @Joe S...

Can someone point me to rough wording for a purchase agreement stipulation that would give me an out if banks become too tight with financing due to Corona Virus?

I live in Wa state and our Atlanta is agreeing to sign a stipulated judgment instead of getting evicted and getting judgment handed down that route

(stipulated attorney is private between two parties where on...

come with themSo I spent the good part of 2 hours, browsing and reading through a good bit of Information regarding Portfolio .... Loans, Lenders, and the stipulations that typically come with this type of loanHere is...