Hello BP Investors! I have been in this crazy market since last summer seeking my first multifamily to house hack in the St. Louis, MO area. I’ve put in more offers than I can count and have only gotten one contract (...
Hi, I wanted to get some opinions on a potential rental property. It is a new build townhome in Houston ~1700 square feet. The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms o...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $65,000
Cash invested: $13,200
Sale price: $65,000
A duplex that rents for $415 upstairs, and $625 downs...
Hello everyone, I'm looking for candid feedback of my analysis on this property. I intend on wholesaling the property but chose to analyze this deal from the assignee's perspective and will subtract my assignment fee ...
I am a first time home buyer in a partnership where I am taking a conventional loan to purchase the property, and my partner is contributing half the value of the property in cash to pay the downpayment, closing costs...
Question for lenders (or anyone). On an owner occupied 4-plex do all lenders calculate the debt/income the same way? Would the entire PITIA go against the borrower as housing debt, Then use positive cash flow plus a...
Hello all, Looking into buying another SFR in my area. Not sure how I should fund my next deal. The budget is $400K. 1) HELCO = all cash purchase with intention to refinance later on2) Refi on another renta...
Hey BP. I'm being offered a 4-family in St. Louis, that also has a carriage house on the land and they share a backyard. Was wondering if it's considered a 5-family for the home loan purposes. I know that anything ove...
I have been watching the homepath properties for a while as the downpayment requirements are a little less that traditional. A few months ago, I know a SFH was 10% or a multi was 20% for an investor. It looks lik...
Newbie thought/idea::
What are your thoughts on taking a business line of credit at appx 6.5% (from an existing business) to essentially pay a seller in "cash", thus obtaining the lowest possible price. Then, refi u...