Sushil Iyer
Re-financing separate properties as a group in a single loan
We have a SFH and a duplex that we own free and clear, and a duplex on which we have a residential mortgage. Each of these properties is in a different location and was purchased at a different time. Is it possible to...
Gabriel Green-Lemons
BRRR'd a House w/Credit Cards. Now No More 0% interest BT offers!
Hey BP family! I've run into a bit of an issue. I bought & rehabbed a house from 1000 miles away using my personal credit line. Now there are no more 0% interest balance transfer offers available from one of my ba...
Amine E.
About to pull the trigger.. .but still nervous about this deal
Hello fellow BP'ersI m looking at 7 condos in a 24 unit condos community spread over three buildings. The condos are in good share and in great area. I would consider them B+. The current owner have them all leased lo...
Fahadbin Alam
How do you get Private Money
What are some of your guy's tactics to get private money?My only tactic so far is to ask relatives if they got some spare change lol. Of course, I want the benefit them as well.
Gage Green
Looking for local bank recommendations in Wilmington DE
Is there any bank suggestions/recommendations in the Wilmington area that are happy to do a HELOC. My main bank didn’t use good comps in my area or any on my street including the one a few houses down that sold in mar...
Sergio Baerga
Off Market deal for 18 unit with partner, looking for suggestions
Hey guys, myself and a friend I met on bigger pockets found a deal in our area of San Juan.$400,000 asking price18 units. $10,500 receiving in rent.It has some low cost units as they are not in great condition and ...
Chris Mason
Rental prop last call Fed Gov't: 7% cap on rental prop mortgages
Link: http://www.mortgagenewsdaily.c...
March 11, 2021
"The letter focuses on thenew 7 percent limitation on acquisitions of loans secured by second homes or investment properties. All limits are measured as 52-wee...
Alice Schweiss
Retirement home in Florida
My husband and I are recently retired in MN. We are considering purchasing a second home in Florida (Gulf side) where we could spend the winter months. We have two adult children (who reside in PA and NC) and theref...
Mathew Hilton
Can BRRRR ruin your cash flow?
So for the BRRRR method, when you do the cash out refi and pull all of your cash out (making a new loan to pay off the first), can't this ruin your cashflow?
Quick example numbers:
Purchase price= $70k, Rehab=$35k
...
Troy Nonnemacher
Advice to Finance out of my "Rent to Own" Primary Residence
Hi Everyone,
I have an interesting situation that I could use some advice for. My wife and I found a house for our family and used a hard money lender, that we have done some business with in the past, to fund the p...