House Hack Breakdown (First Deal)
Type: SFH 2200 sqft
Bed/Bath: 4/2
Purchase Price: 337k with VA Loan
Out of Pocket Costs: 24k (downpayment, closing costs and minor cosmetic updates before renting out rooms)
PITI...
Good day Biggerpockets, This is a exciting time for me. I'm 50 years old & in the beginning process of buying my first investment property, first of many to come. I just didn't have the opportunity nor the resourc...
Hello,
My name is Jose Duran. I am a young professional in the healthcare field with 0 experience in real estate. I am also a USNR veteran and am putting the VA loan to good use. I'm currently in escrow. Once...
Helped someone else out, but this one is paying off. Relative did not want to make mortgage payments on current home and new home purchase. I suggested that he rent the current home to cover the mortgage, but he didn...
I am looking for my first deal on a single-family home to rent out and personally manage. I am planning on putting 30% down on a home around $100,000 - $110,000 with a 10-year mortgage that I can rent out for about $...
Hey BP community! While the answer to this question is likely - it depends, I thought I'll get the forum's sentiment as the lease renewal season is coming up. Are you planning to increase rents in 2021 when renewing y...
Okay BP Buddies,The last few weeks have been a period of results and I am so stoked. No, nothing big happened yet, like closing deals or anything BUT the phone has been ringing steadily and I finally have 3 houses wit...
As a general rule, I would probably never buy a new washer/dryer for a flip. There is not one there now. The reason we think we might like to provide it is it's a tight little mud room and only stackables will work...
Hello! I just bought my first deal a little while back and have people interested in my next deal. How do I raise money? PPMs & Term sheets? How do self directed IRAs work? Open to any and all suggestions!Matt
This is my first potential multi-family deal so I’m understandably a little nervous.I currently have a townhouse with a mortgage of about 1700 and it would rent for about 1750. It’s in a desirable location (Happy Vall...