Justin H.
Looking to purchase second owner-occupied duplex
Hi there! This site has helped me tremendously as I've embarked on becoming a landlord. Several years ago I purchased a small duplex in a good neighborhood in Sacramento. I live in one side and rent out the other. It'...
Justin Taylor
Hard Money Terms for Commercial Properties
I'm considering using hard money to cover some of the holding costs and renovation for an indoor storage conversion project in Davenport, IA. Wondering what kind of terms I can expect when using hard money? I unders...
Nathan Oakes
My uncle has a deal for me. What do you think?
So my uncle has a friend who has a house that is for sale in a lower income residential area for $15k. The whole inside of the house needs to be gutted and redone and needs a back porch and a couple of windows need re...
Jorge Ruiz
Portfolio Mortgages Good or Bad?
Hello BP! Was looking at what different banks have to offer. Ran across something called a portfolio mortgage. This is what I am seeing:
Initial interest rates are lower than traditional fixed rate home loansYou'll e...
Tommy Flynn
Lowest down payment you have put down, (I am a first timer)
Hi, My name is Tommy, I am living in the Boston area. I am really interested in buying a a rental property around a local university for roughly 200,000. I was wondering, what were some of the lowest down payments, an...
Rachel Brandt
PMI Loopholes & Lenders in the Milwaukee Area
Hello!I am purchasing my first duplex in West Allis, WI. I am wondering if any one living in the Milwaukee has recommendations on how to go about finding a good lender in the area.Additionally, I am looking to purchas...
LaRhonda M
Property Analysis - Can we discuss??
Duplex for sale: 2- 2X1units - slow appreciation area small town in SCPurchase Price: $137,900 Down Payment: 25% - I was told that I'd have to have 25% down for an investment purchase(Big Bank - still shopping around)...
Megan Stevens
No luck selling but unsure of R2O options
I am a homeowner, but had to unexpectedly move out of state due to work. The house has been for sale since Jan. We were with an agent but did not resign after July. Right now it is by owner. It's 1900 sq ft 3bed 2 bat...
Lawrence Bustos
Cashout Refinance Charges
Hi all I’m new to BP and I’d like your input on my current scenario. 1.) I am getting rates on a cashout refinance LTV 95% 2.) Value of loan at closing will be $342k and cash out will be $148k. 3.) interest rate will ...
Brandon Tedford
BRRRR or Flip completed remodel?
I bought a house in Mississippi for $45,000 (HELOC from equity in another rental I own). It is a 2340 sq ft house. I completely remodeled the interior and did some outside work totaling $24,000 (my own money). I cu...