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I wanted to know your take on what would be the best way to go. We are looking to flip our first house whenever we save up the funds. We will also be attending our first REI meeting next week to hopefully talk to pr...
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Hi all,
I just purchased my first property for $125,000. My note is currently for $118,500. The ARV of this property is $190,000, and I am currently doing the renovations. Rehab cost abot $10,000.
Th...
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Hi BP Community,I am in the process of learning syndication still and the big question I had was about the debt. Do syndicators take recourse or non-recourse debt? If you take recourse, will the manager personally sig...
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Hello all,
My problem is I am having trouble finding financing because my debt to income ratio is right at 55%. The lenders I have talked to say it needs to be around 45%. How can I get financing? I have the ...
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Hi BP,I'm looking for some input regarding refinancing one of my rentals.Background, I have 2 investment properties, one owned in my name and one owned in an entity. The personally owned property has a HELOC against i...
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I'm so confused. I watched so many you tube videos but still I haven't gotten the answer. Is there any specific book that would answer the following questions?
1. How does investors use leverage to buy rental proper...
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My fiance and I are looking to acquire our first REI. We are looking to do a house hack to get started in investing. The main problem we are facing is financing. We have the money for a down payment and the basic item...
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Hi BP Community
I wanted to run this situation by the blog and hear everyone's perspective.
I have around 38K left of undergrad/grad school student debt. I am an employed accountant in the Philadelphia area. Govern...
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Foiled by student debt again!
I’m a young professional with a high salary job, good credit score, 50K saved up for investing, but high student loan balance (due to be forgiven in 5 years through PSLF, so I DO NOT wan...
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Hello,
I am so excited to be here! In 2023 I made the decision that I wanted to start investing in real estate. Since then, I have attended monthly real estate meetings in my area, networked a bit, read a ton of book...