Lucia Rushton
Refi portion of BRRRR
I am looking at an off-market property that would not qualify for conventional funding. If we buy it with HM, do the work necessary, get it rented and then refi, the bank and mortgage broker I've spoken to said they w...
Johnathon Kim
Seller financing question
Hey everyone,I'm looking to purchase my first rental property by the end of this year, but I don't qualify for traditional lending (I have a 750 credit score, but my last 2 years of tax returns look terrible). I'm thi...
Nicholas Daniels
House-hacking for Early Retirement. Strategic questions/reasoning
I'm going to be graduating from college next year. One thing I've been investigating is this idea of house-hacking. That is to say, buying a duplex, triplex, or fourplex and living in one unit and renting out the othe...
Angela Jossy
Should I use the $155k loan I'm approved for now or wait a year?
I met with my credit union and then I met with a mortgage broker. If I wait until next year when my credit rating is 700 and I have a few more debts paid off then I can get a zero down conventional loan from my credi...
Nathan McQueen
1031 Questions - Raleigh, NC
Hi BPers,I have an investment property in Raleigh, NC (that used to be my primary residence). It turned into an investment property when my job took me out of state, it was not initially purchased as an investment pro...
Josh Day
Seeking Advice and/or Perspective
Newbie here from Memphis, TN longer read, but I would love some advice/input. I will start working with my doctorate in physical therapy in November. My family of 4 plans on using an FHA 203K loan to BRRR house hack a...
Francesco Barbati
Criteria for students housing
Hello BiggerPockets crowd! I have decided (but always ready to change my plan) to buy and hold to rent to students, and focus around the university in the city I live in.What are the criteria to choose the best proper...
David Siegel
Renter offering year's worth up front for a discount
Hey all, I have a renter who wants to offer an entire year's worth of rent up front in exchange for a discounted price on rent. The property is in San Diego. Can anyone think of any issues with accepting this offer?T...
Lorraine Martin
Conventional verses Commercial Loan
Hi Yall, my husband and I are wanting to build our investment portfolio. Which is the better route to take? Conventional or Commercial? We have cash to put down for both. We were told commercial loans reduce the liabi...
George Post
Closed On A Small Multi This Year- Should I Do a Cost Seg?
Hey Guys!
So I bought a 3 family in Feb. this year for $550k. I just refied and it appraised for $650k (Def. got a deal on it... it was off market!). It is still below market rents, but we are working up the cash flo...