Eric Auslander
Refinance Borrower Poor Appraisal Rant
TLDR - The Appraiser blew up my refinance and valued my house at $385K (currently have $405K of loan balance). I purchased the house for $426K 16 months ago and was recently appraised for $433K 9 months ago.
Super fr...
Patrick C. Bellamy
BRRRR, Appraisal, and Renovations
Last year, I made an off-market house purchase next door to me to start a BRRRR in an A quality tenant area. The seller/neighbor was interested in selling but staying as the tenant. We worked out a sale price and ren...
Chris Reynolds
Looking to cash out of BRRR properties in Cleveland, OH
Looking for some advice and introductions to lenders,I have a property paid in cash, with no loan that is worth $70,000. I am having trouble finding a lender who will work with me to do a cash out refinance to complet...
Eric S.
What to do with extra 1031 money ???
Question I will have about 22k left over from my 1031 that I will either receive back and pay 15% taxes on. I owned the previous house for more than 1 year so that's why capital gains tax is that much in Ohio accordi...
Gerald King
garage vs 1 more room
My house is comparable to the ones in the neighborhood. We all have 2 bedrooms and 2 baths plus 1 car garage (attached).
Should I do away with the garage and turn it into another bedroom/master retreat and then add ...
Max Householder
1% Rule Calculation
A few quick questions about the 1% rule while digesting the BP Intro to Real Estate Analysis.
Do you subtract vacancy from gross monthly rent to get the numerator?
What do you use for the denominator? A...
Joe Won
Lendinghome is terrible and has put me in a tough position
I have a property in WV that I put under contract at the end of August. I decided to use Lendinghome to finance the project since the property needs some rehab. First of all, they've required almost as much documentat...
Brad Farmer
Im 23 with a house, point me in the right direction.
Hey everyone, first time poster I found this forum through the awesome podcast done by Joshua and Brandon. I want to tell you my story and get some advice. I am a blank canvas yearning for direction in the real estate...
Samuel Gates
Should I buy my grandparents house and put multifamily units?
Hello, I have a question about a business decision. My family wants to sell my grandparents home in Los Angeles it will be split between all the kids (grandchildren if the parent is no longer living). They are liking ...
Zach Wawrzyniak
Need advice on how to buy mom's house
****DISCLAIMER: THIS IS NOT A REQUEST FOR FUNDING. PLEASE DO NOT RESPOND WITH FUNDING OFFERS, ONLY ADVICE******
Hello,
I am going to lay all my cards on the table and see if anyone has any advice.
My mother owns ...