I found a bank with portfolio product 7/1 ARM 4.99% for 7 years and then could adjust up to 2% a year starting year 8 with a Cap of 10.99% Maximum. With the ability to refinance anytime as rates start to drop or to sw...
Hi BP! I'm in the final stretch of purchasing a duplex. My conventional loan should close on May 31st. I have insurance and all the paperwork ready to go. I suppose anything could happen between now and then, but it ...
Greetings everyone! I’m brand new to BP and real estate investment, but so excited to get started. After consuming every piece of info I can get my hands on, I think I’ve got my strategy figured out. I’d like to house...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $48,000
Cash invested: $23,742
Sale price: $92,000
Flipped a HUD home. It was the 15th home I visited/looked a...
Hi everyone,First time investor looking for a real estate agent in the Kansas City area. Does anyone have any good suggestions? Looking to invest in a single family home (2-3 br, 1-2 ba, 900-1000 sq ft) in a B or C ne...
Dear BPersIf I apply for a loan on a new property with the intention to move in and treat it as my primary residency, what are the minimal years that I need to live there? If I need to move before that minimal period ...
Hello BP, I am looking for sound advice on this situation...My mentor and I have home, and land that we own out right in the Richmond,VA metro area, the home needs a total rehab that will cost about 40K to bring it to...
Hello everyone,I've been wholesaling for about a year now and I think I've come across two pretty good deals and would like to really acquire them for myself as rentals. I'm trying to figure out what the best strateg...
Can you get an FHA 3.5% down payment mortgage on a four plex?
We are about to finance a short term rental property in Tennessee and a mortgage company I am working with says if we are going to rent it out the max loan to value is 80% so 20% down. If we are not going to rent the...