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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $571,000
Cash invested: $28,550
I was the buyers agent helping my 2 clients get into a SFR that they house hack. It...
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has anyone ever done one of these or know what's involved? I believe the contractor has to front all the $ in labor/materials and is paid at the closing, upon appraiser inspection.
Any truth to this? I would think th...
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In the late 90's I have done this before. My experience on that is I did a Common Mortgage at 70% LTV ARM NoDoc Loan and the Investor I bought it from carryed back a 2nd mortgage which resulted 100% Financing, all ...
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Hello BP Community,
I have a tenant who lost her job and recently got approved for section 8. She was only approved for a 1-bedroom apartment and the rental unit I'm currently renting to her is a 4-bedroom (she lived...
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Hi EveryoneI am going to be attending an auction soon and I wanted to know what other investors do leading up to the auction. In my state auctions are at the residence not at a courthouse. At least this is all I have ...
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we gave 5k earnest money, agreed to 82.5k and at most 2.4k miscellaneous and closing costs. HUD gets to us and its an additional 3.9k. We call them on it and they say they incurred more costs than normal in acquirin...
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Hello BPers,One out of many great things I've learnt from reading bp posts and listing to podcasts is, to be cautious when coming to inheriting tenants from previous owner. This is something I need your help by analyz...
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Hello BP,What are your experiences/opinions about using a FHA loan over conventional financing? Which scenario is better, in your opinion: (1) waiting a couple years to come up with 10-20% for a down payment or (2) ge...
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Am I doing my math right?I found a place for around $130k. Mortgage with 20% worst case is $700/month. Research is telling me I can get around $1200-1400/month for rent. Here are the numbers:20% down = $26,000Overesti...
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Hi all,Newbie on the forum here and to investing. I currently have two rental properties, and am looking to acquire funds for my third. I am looking at either a Home Equity Line of Credit on my first SFM rental or a C...