Andy Acosta
cash on cash return for Airbnb’s
Hey BP! So we’ve heard it said depending on location and a few other variables that the typical “rule of thumb” for our cash on cash ROI on a rental property we should try to shoot for is anywhere from 8%-12%. (The “b...
David Smith
FHA Loans and how to use them, are there any, "catches"?
I'm currently in the military and will be PCSing (moving) within the next 2-3 months, I already have bought a house at my current duty assignment and wish to keep it as a rental property. I used a VA loan to finance i...
Chris McDaniel
Anyone ever start a rehab project BEFORE you closed on the property?
I would love to hear any horror stories about this? I have a friend that routinely does this, he has been busted by the bank one time, they only gave him a slap on the wrist and told him to halt all work. I keep telli...
Derek Schwarz
Can you get loans w/out 2 yrs of employment at the same company?
Hello,Excited to get in the game, but not excited to wait two years to start! After reading a few of the Bigger Pockets books and speaking with real estate investors it seems like the general rule of thumb is that you...
Ed Wood
How the new Jan 10 mortgage guidelines effected buying power
This is a sample with a 4.5% rate 30 year fixed payment qualification includes tax and insurance and $500 in borrower monthly debt (car, credit cards...) DTI ratios at 43% after Jan 10 and 50% before Jan 10
...
Evelyn Castillo
House hacking in an expensive market like Miami, Fl.
Hello BP! I am located in Homestead, Florida. This is about a 30-40 min drive from Miami. I am set on the idea of house hacking but I understand that house hacking has a better chance of being profitable in lower pric...
Tyrell Perry
First Rental - Finally Pulled The Trigger
Finally pulled the trigger on my first investment property after a 5-month search. The search originally started in Tallahassee, FL; went to Detroit and finally landed in Cleveland. In Tallahassee, the seller and I co...
David Olson
Is the "R" in the BRRR Calc a cash-out refi or just refi?
I have a newbie question regarding the BRRRR Calculator. When I refinance, is the BRRRR calculator assuming I am doing a cash-out refi or just a refi? For example, If I have a home with an ARV of $100k, and the bank w...
Alina K.
putting a downpayment for a 6 unit multiplex
Hi Everyone,We're in Ontario, Canada and we are looking to invest in our first buy rent and hold project, which is a 6 unit multiplex. The problem, tho, is we have no downpayment!! :-( Some mortgage agents told us th...
Joe M.
An interesting dilemma...need some advice.
Hello BP community!
People always told me once you get started in investing deals will eventually start to come your way w/o solicitation.
Well I have such a situation. One of my sub contractors has a house he want...