Eric Prescott
First deal (3rd of 3 properties in a package)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $75,000
Cash invested: $33,970
Contributors:
Randy Charboneau
1 of 3 properties purchased out of a ...
Franky Juwana
School me on Mortgage Lending
I have a dilemma and need y'all experts opinion. I currently living in an 1br apartment which costs me $1390/month. I'm buying a 4br 1 1/2 bath single family home which now waiting for closing for $294.000 which PITI ...
Eric O.
Newbie with two properties - How to finance to continue to grow?
Hello all. Newbie here. My wife is a property manager and she's come across two decent deals in the last couple of years with owners wanting to sell there condos. So we purchased both condos. Our goal is to acquire 5-...
RJ Dixon
Analyzing first commercial property
Hello everybody!!
I have just had my offer accepted on a 5unit. I’m in the process of a commercial loan. This is my first commercial property I own a townhouse as well. The rent for this property is 325$, 500$ , 5...
Jonny C.
Loan Inquiry for People with Unstable Income
Hey everybody!I'm a long-time lurker and voracious reader/listener to BP. Long story short, I left a secure hospital job to be a Realtor about a year ago. It has been a challenging but rewarding year. I don't think I ...
Daren H.
Looking for sample wrap around mortgage addendum or agreement (used in Texas)
Anyone in the DFW area buying houses regularly via a wrap around mortgage? I am looking at a potential opportunity (off market response to letter) where the seller would consider financing with his note in place for a...
Ibrahim Yamini
Real Estate Investing is NOT a Job!
I was on a different app and the subject of being a Landlord came up. I was shocked to see how many people kept saying it isn't a job. As I learn more and more about real estate investing, it has taken up a signific...
Zach Vaughn
Using Investor Funds for Down Payment
Hello everyone. I am currently house hacking a duplex that I purchased in April and am now trying to work on a second deal. I have my eyes on a couple of small multifamily properties in my area but am running into the...
Caden Bradbury
How many mortgages is too many?
So I’ve been reading books on buying several rentals all on mortgages as soon as you get another down payment. My question is when will the bank normally stop lending you money? For example can I go out with 200,000 a...
Jason Sung
BRRRR: Renting out before refinancing needed?
I am about to try my first BRRRR. One question about this strategy is, do you need to rent out before cash out refi? Or, it is OK to do cash out refi first, then rent it out. I think I read somewhere that the latter i...