James Byrd
Newb - How do Banks treat HML when doing a Re-Fi?
Thanks in advance. I have zero financial background, and I’m trying to wrap my cranium around the finance part of BRRRR.
Bottom Line Up Front (BLUF): if I use a personal friend to loan me money to buy my first prope...
Philip C.
Improvements to increase Property Value by 10%
Hi there,I believe it's in Brandon Turner's "7 Years to 7 Figure Wealth" that he recommends making improvements that increase the value of each property you buy by 10%. Can anyone suggest some examples of improvements...
Mike P.
Would you do this Sub2 deal?
This is a 3 bedroom 2 bath house 15 minutes from my house and in a C+ neighborhood. It's currently rented for $925 and I'd keep them in place. The financing is $59,000 for 20 years, the escrowed payments are $660, tha...
Paul Parker
Seller FHA Related Questions
Hi BiggerPocket community! I have my first offer on my first flip. The offer involves a buyer who want to use an FHA loan. Below are some questions I have regarding this offer and FHA loans...1. The Seller agrees to b...
Fatin K.
Timing to Buy Rentals and Cycles in Lease Renewal?
Hello,I am looking to purchase a SFH next year (in DFW) as a long term rental property investment and was curious about peoples thoughts on timing. I have seen posts/articles that mention end of year is a good time to...
Chris Majors
Would you buy this "mom and pop" 7 unit park?
There is an older MHP in my area that I have been keeping tabs on for a couple years. It's not the prettiest thing but throws off decent cash flow for the investment.The property is just under 3 acres with 6 leased l...
Solomon Hikssa
Would you do this deal? Seller Financing
I have an 8 unit, off market property under contract. The property is located in Portage mi. A nice area located in Kalamazoo county. The seller is financing it through a Land Contract at a price of $495,000, 6% inter...
Michael Ablan
The FHA and USDA Anti-Flip Rule
Hey guys!I just wanted to write a quick post about the FHA/USDA flip rule. Somehow I had never heard of this before and kind of stumbled on the info while talking to my lender how some of the flips I'm doing (thank g...
Paul Nagy
Mortgage question/payoff dilemma
Hello everyone! I've got a single family home that I've owned and rented since the beginning of 2007. It is in a nice upper middle class suburb of Kansas City. When I bought this property I had absolutely no idea what...
Brad D.
Need Help Renting a Single Family House
Bought a house for 31k, put about 3k into it, now trying to rent it for 775more with pet. It may be slightly high. Have had a ton of interest, calls, but it's not rented yet.
The problems I'm running into are:
1. Eve...