Cynthia Hartley
Will a hard money lender fund a rehab only
Hi BP members.I just purchased a SF investment property in DC. My plan is to completely gut the house and have everything new - electrical, mechanical, etc. Will a hard money lender finance for rehab only? I know they...
Shawn Mix
Cost effective options for repair of stairs
Long time member, first post! Was just reading the following article: https://www.biggerpockets.com/... which was a great read through. Mostly table stakes of what I've learned already over owning a property for about...
Ryan McDonald
To Sell or Not to Sell - Las Vegas SFR
Long story short, I have $200k equity in a property that might be better utilized. I purchased my first primary residence in Las Vegas in 2009 and lived there until I build a new townhome and moved out in fall of 2020...
Seth Knopp
Examples of strategies to entice private investor money
Hi,I am interested in examples of how people convinced a private investor to support their project. What are typical % returns for them? What other incentives are good offers? How long is the standard period to pay b...
Patrick Chafe
Do I sell or rent out my SFR?
Hi Everyone,
I recently bought a new SFR that i will be moving into. My plan ever since buying my first SFR was to eventually rent it out. I have already done a cash out Refi for $40k+ and still have equity left in...
Steve R.
NJ Multifamily-Broker says 2 family Tax records show 3 family
Hello,
I'm looking at a property in NJ and the broker is telling me it's a 2 family
but I check the tax records thru the city and they have it listed as a 3 family.
I'm assuming the city and tax r...
Michael Clay
Should you paydown an investment property borrowing from a 401K?
I'm currently deciding on if I should borrow from a 401k to pay down a Heloc or apply to mortgage. Currently, the Heloc has a loan amount of $45K @ 5.49%. Funds from the 401K can be borrowed @ 2.125% interest for a pe...
Corey Valin
EMD loan protection paperwork
Hello wonderful community!I have an acquaintance that is in need of EMD money and I want to ensure that my loan to them for this is protected in case they back out or something falls through. Can anyone help me with a...
Mark P.
What should I do?
I bought a house on the Homesteps program. I got it at 50% to 60% market value...$40K. I am living in it according to the rules for 1 year. I have made numerous improvements, probably doubling the value to $80-85...
Erwin Miciano
First Million Dollar Refinance?
Hey BP,
Just closed on our first property in Sunny San Diego.
Quick run through : Triplex House Hack VA-Owner Occupied
Purchase price: 1,100,000
Loan amount : 1,125,000
Rate: 3.125%
I'm looking into refinancing ...