Michael Shields
First Out of State Investment
Investment Info:
Single-family residence buy & hold investment in Huntsville.
Purchase price: $135,000
Cash invested: $50,000
My wife and I purchased a single family home in Huntsville, AL. Decid...
Cesar M.
Trying to understand debt influence on loans
Hi everyone. This might be a real newbie question but I haven't seen it discussed on any podcasts or anything I've read. Does the debt you take on from your first deal affect if you'll be able to get approved for a ...
Tom Kuhen
Buying a local HUD home
Hello fellow BP members,Potential Cleveland investor here, and I've been reading loads of blogs and forums on BP and attending various local meetings, in hopes of finding a starting point that suits me, and I may have...
Xavier Garcia
Getting out of a offer contract
If I put in an offer on a house and change my mind, how can I get out of that contract? Say for instance I put in an offer on a home with plans to flip or wholesale a place and I cannot find a buyer or my financing fa...
Megan Arzt
How to finance this deal...or an example of a financing proposal.
I have a great deal on purchasing another nightly rental. I currently own one and it does better than any of my 5 other long term rentals (all of which cash flow). A friend wants to sell me his condo for $187,000. ...
Zachary W.
Multi-Unit VA Loan First Time Buyer
Hi all,I am getting a lot of conflicting inputs on what can be done with the VA loan on multi-units. I am hoping the BP community can point me in the right direction. My understanding was that you can purchase up to a...
Andrew Luong
Some help & suggestions for an duplex flip in Sacramento
Hey all!As you may know, I'mprimarily a buy-and-hold investor with 4 SFRs properties in Sacramento, CA and in contract to purchase my first in Houston, TX.I've always been interested in flipping but haven't had the ri...
Matthew Sidlo
Unit with "bonus" room, has egress, but shares a wall with garage
There is a Rhode Island multifamily building that has a 1 bed/1ba listed as one of the units. It includes a finished bonus room (300 sq ft that has egress). *The room shares a wall with the unit's garage and has a f...
George Plumis
How to pull equity from one investment property for another
I own a duplex with a sibling that is owner financed thru the seller. It's been over a year and thru upgrades and market conditions there is a good amount of built up equity in this property. We transferred the owners...
Brandon Johnson
Wholesale Deal Evaluation
Should pursue this property? Please help me evaluate this deal..
3x1
Tallahassee, FL
Seller asking $82k (that’s the mortgage amount)
ARV around $90k
Repairs $3k or less
Area rents out around $850
Seller also of...