Please tell me this is as good as I think it is. I feel like I am missing something. I don't have financing yet but will be getting a DSCR loan for it. List price is $675000 but he said that they would accept an offer...
Hi everyone, I have a couple questions when it comes to the BRRRR strategy. Lets say I buy a SFR for $70,000 and pay the 20% down to Bank A. I get a Hard Money loan for the $30,000 needed for renovations. After I wait...
So, I have a duplex that has about $150,000 in equity and I am starting to think about purchasing my next investment property. Ideally I'd take $20-$30k out with a HELOC to fund my next downpayment. I hear that gettin...
Hey guys,Quick question as I just got an idea that I wanted to explore. With traditional financing, it seems that 20% down is the norm versus the 3% - 5% lenders may be willing to accept for owner occupied financing (...
I'm writing this post to get everyones opinions on a deal I'm considering.All of my previous deals I have purchased were for cashflow. This deal I'm considering has minimal cashflow( 1K-2K a month) but has a high equi...
Hello everyone one on BP,I'm new on this forum and this is actually my first post here. I'm an accountant and work 8 to 5 schedule Monday to Friday and live in Cleveland ohio area. I felt like I'm missing being part o...
This is a copy of an email I sent to a beginning real estate investor last week. It’s just some random thoughts on real estate investment based on my 35 years in the business. During that time we have purchased over...
Hi all-Just dropping in for a friendly 'hello' to the community. I'm currently looking at getting started in real estate with a few (2-4) small multi-family units.As a first step, I'd like to get into an owner-occupie...
Hello,
Hope you’re all well!
I’m seeking advice as my brother and I are still new to real estate investing and are struggling renting/making good use of a 4-plex he bought back in June in Bradenton, FL.
The curre...
Hello everyone
I’m 23 years old, currently working full-time. I’ve been educating myself on real estate through books, YouTube, and podcasts for the past few weeks. As I haven’t been saving for long, I’m wondering i...