Eric Veronica
House Hacking 2-4 Units in Chicago using HomePossible Mortgage
Freddie Mac’s website explains the Homepossible mortgage as “A responsible, low down payment mortgage option for first-time homebuyers and low- and moderate income borrowers”. What Freddie fails to explain is how gr...
Iman Yu
cash deals: when should you buy a house cash?
So I have been running my cash flow in Houston area for both SFH and multi's. I am pretty comfortable calculating the monthly cash flow, Cash ROI/CoC, cap rate and etc. I am seeing some good cash flow and some bad one...
Colin Alsheimer
Help me understand cash only offers
In my market, I see a lot of listings requesting cash only offers. Does this mean they're looking for buyers who don't need financing? With properties retailing from 400k-800k, I can't imagine that's the case, but may...
Jewell Vold
Turing primary residence into a medium-term rental.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $142,000
First home, turning into a medium-term rental.
What made you interested in investing in this type of deal?...
Akkiemaj Frederick
How does real estate make money
I am a little confused. I finally lined up a few properties where the owner agrees with seller financing but I'm not sure of the terms that I should agree to. Why would I agree to pay more than the sellers are asking....
Matthew Magee
First Investment Property
Investment Info:
Townhouse buy & hold investment in Eveleth.
Purchase price: $163,900
Sale price: $174,900
Bought this investment property right out of college with $0 down. The unit was fully l...
Account Closed
How to go about funding?
My brother and I are looking for our first REI. We are looking for a single family home in the Cedar Rapids Area in the $100,000 - $130,000 range. We are both recent college grads with stable jobs and we live in a con...
Shai Knight-Winnig
New to BP from Columbus Ohio
Hi – I’m a newbie investor from Columbus, Ohio. I’m interested in single family and multi unit properties to rent out on Airbnb (and other short term rental sites).My background is that I’ve been a longtime reader of...
AC C
Need to remove current owner name from mortgage and take over payments
Hi,
I have found a guy who has a single-family home that he has been renting out for 3 years. He wants to buy more properties but he owns 4 properties currently. He doesn't meet the credit score of 720 requirement t...
Samuel S.
short sale deal
I found the investor that trying to short sale three condos (one already under the contract). Properties aren't listed anywhere and the short sale is already Feanie Mae approved. I have couple questions that some of t...