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I own 6 properties (5 in Nashville, 1 in Georgia) of which 4 have appreciated considerably. My husband is a W-2 employee, I am a 1099. We recently purchased a historic home as our primary and are planning to both reno...
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So I have been a bigger pocket member for maybe two months now and I bought my first property. Feels like it took forever. But after I purchased,(close date is may 31) I realized I didn't do as much research on what t...
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Hi everyone, I have located a multi-family in Hartford that I am looking to purchase and rent, and then refinance. My goal is to have the property rehabbed and rented in 3-4 months. Does anyone have experience with ...
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Can someone throughly explain exactly how the refinance aspect in BRRRR works? Like how can one get money to get another house without it being their own money? Can you buy a house in cash from the equity in a refinan...
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Started my first BRRRR project in Sept 2022 in Augusta, GA. Purchased house at 87k and Rehab took 3 months and was about 40k. Spent 1 month preparing to get tenant in and chickened out of long term landlord and deci...
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There are so many experienced and successful real estate investors on this site. I have a question that I keep wondering about. And while this is a hypothetical, I suspect there are many people out there for whom th...
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Hi, I am working with HML which is charging a 0% origination fee, but we have a loan processing fee and other legal fees adding to $1800.is this normal?Thanks,EKL
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Hello All,I'm looking to use an open HELOC on my primary to fund the purchase of my first property. We have a $200k line with a 1.99% apr until July 2020. My initial thought was to BRRR the first property all in, incl...
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Perhaps I am missing something glaring, but does this strategy work?
- Purchase preforeclosure or foreclosure for well under FMV using cash from a HML
- Give minor updates to the property, or simply turn around and...
Hello Bigger Pockets community. I am under contract for my first property, however I have yet to finalize a loan. The recent changes that have been implied on banks have made me a bit hesitant and I am not sure what w...