Sam Bromano
What type of loan for BRRR?
I am doing a cashout refi of an existing SFR and will be using the cash to purchase 1-2 new rental properties. I plan on buying via a mortgage with 25% down, renovating, and renting. I'm considering doing a refi on 1...
Jeff Cliff
Tax consequences with moving back and forth between primary and investment properties
Current situation:
Primary Home: Owned for about 15 years and has appreciated it a lot. I have been renting part of the house on a long term/short term basis and have been showing all income on my tax return and have...
Account Closed
Perpetual cash out refi strategy?
Hello all - wondering how long I should hold my property for, as this will dictate what terms I choose for refi. I have the option of slightly lower (2.875%) interest rate but higher upfront one-time fees versus high...
Gina Musachia
NEW Member and Investor
Hi all!! I am so glad I found this forum. I am Gina Musachia and I live in Texas!! I have been a natural gas broker for 23 years but come from a family of "investors" and I have also invested but I have very limited e...
Neil Narayan
Austin housing market expected to survive coronavirus pandemic
Even though the coronovirus pandemic has had a profound impact on public health and the nation's economy, the Austin housing market is projected to weather the storm, according to a new report released Tuesday.Accordi...
Krista Donald
Wholesale land (Westlake, TX)
I have a FSBO property that the owner owns outright and is willing to sell with 5 acres of land. Owner is focused more on selling 5 acres the property is an "added bonus". The land is undeveloped and secluded but in a...
Richard Distad
Maryland - Recordation Tax on refinance
Hi BP Members! First BP post! I have a question that pertains to the Maryland investors.
I refinanced my first BRRRR property and at closing the person from the title company said that I was over paying on the reco...
Digger Odell
Where is best to withdraw money to purchase second home?
I'm over 60 years old and in the process of purchasing a second home. I am paying cash and expect to close end of October. I will be withdrawing the money (around 225K) from my mutual funds. Probably from a high yield...
Stephen Nava
Building a house on a sf-3 zoned lot
I have a sf-3 with .21 acre lot at Austin, Texas. I am interested in building a unit, but I do not know where to look or what I want. This particular lot is in a desirable area and once I take out a construction loan,...
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foreclosure in 1 month, when to cut electricity?
Hi guys,
We're losing our house to foreclosure in about 4 weeks. We have already vacated the property and moved to a rental home.
I've been paying the electric bill at the empty house (that's going into foreclosure...