Is getting a mortgage and hard money loan a bad idea for a first flip? If I have $2,000 to $4,000 to show a hard money lender I am all in and it is accepted is this a good idea? Is this possible?
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*This link comes directly from our calculators, based on information input by the member who posted.I will be purchasing this property using a hard money loan that provi...
When you go to use the BRRRR strategy, you buy the property, rehab it, rent it, and Refinance it... what exactly are you doing when you refinance the property? I think you are pulling money out of the deal somehow, bu...
My question is for those of you that rent to section 8 tenants:
1) Are they reliable tenants?
2) Do you have to deal with more problems with lower income than with your higher end rentals?
I currently own a couple ...
What is some advice you would give someone just learning this field? I’m 21 years old, half time student while owning/operating a food truck here in Sarasota, Florida. A city that’s tremendously growing with lots of b...
I have a duplex that I live in and rent the other side. I got in with a 3.5% FHA loan which has mortgage insurance on it. My loan balance is about $165,900 after 3 years. Market value is likely $210K. I just got an...
Investment Info:Single-family residence fix & flip investment.
Purchase price: $93,000 Sale price: $181,000Purchased from online auction. Raised the money for down payment and rehab so $0 out of pocket fo...
I got approved for a conventional small multifamily investment property loan. The lender requires a 25% down payment. When I said I was looking to seller finance or get a hard money loan for the other 25% they said th...
Sorry, having a good day and just wanted to share. Closed on my 3rd rental this morning. Purchased and financed for $100k, appraisal came back at $132k so bought at 75% of appraised value, should be a pretty easy re...
Hi all! Anyone out there have experience rehabbing a home that has significant damage r/t a fire? Do you mind passing along your two cents, or directing me to information on things to consider when evaluating the prop...