Jessica Lamont
Is about 9% of purchase too high for closing costs?
We are doing a hard money 12 month loan for a fix n flip and our closing costs are over $10,200. Purchase price is $121k. Is this standard for hard money or too high?
Tyrell Rutledge
Subject to, then refinance.
My brother and sister in law recently purchased a new home here in ok. Their old home is in need of repair with about 75k left on the mortgage. The arv is 120k. Rents around 1k.Here is my question. They are willing to...
Account Closed
Quick Advice for Financing Strategy- HELOC and mortgages
Hi everyone!Just looking for some advice: My personal residence is paid off and worth the equivalent of 4-5 prospective rental properties. I do not have any investment property mortgages (buy and hold rentals) yet and...
Christopher Jason Lloyd
Lenders! Need VA help!
Hello lenders,I have a client that came across a unique situation. We found a property where the primary dwelling (3500 sqft) is tore up from the floor up but there is a 600 Sqft ADU that literally is borderline new ...
Oluwatimilehin Fagade
Closed on first of many properties today!
Hey Bp Family,I closed on a four-unit house hack today in Worcester Family. Shout out to my Realtors Sabrina Sanchez and Jon Bombaci. I've learned a lot through this platform over the past few months and this is just...
Griffen Angel
Difference in cash-on-cash between single and multi-family.
Hi All,
I'm getting started with investing and I'm curious as to what the expected difference would be for cash-on-cash between a typical single-family home and multi-family property. By multi-family, I'm referring m...
Jeremie Cortez
Help with cash out refi!
Hi all,
I am the trustee of a property that is paid off. I am trying to cash out refi on that property and the mortgage broker I am working with says that I need 6 months worth of my personal homes mortgage and of th...
Kurt Trombetti
Corporate Rentals for SFR
I am a new rental property investor and new to BP. I was looking to see if anyone has experience in corporate rentals. Corporate rentals being define as companies that place corporate employees in SFR. Traveling nurse...
Account Closed
1031 Exchange Minimum Hold Period
One of my real estate tax clients reached out to me about a property he was selling and wanted help with a 1031 Exchange. Only issue is, he has only owned the property for 8 months. After sleuthing around the internet...
Zander Dragony
What insurance to use when flipping houses?
Hey guys, I was just wondering what types of insurance policies are typically used when flipping houses. Thanks.