Palmer Thomas
Using paid off rental as down payment for DSCR loan
I have a paid off rental (approximate value $150k) that I was wanting to use the equity as a down payment on another rental house purchase ($200k purchase price). Is this a common thing most DSCR lenders can do? I d...
Peter Cainero
Smaller Down Payments
Hello,I am in the process of looking for a property to house hack. I am looking at taking out a FHA loan to finance the property. The smaller down payment would be extremely beneficial to me at this point in my life. ...
Brandon M.
Should I Refinance?
Hello,
I received a call from our mortgage carrier yesterday stating they could offer me a lower APR on our home loan and lower our monthly payment.
Not familiar with the refinancing process and whether or not thi...
Kevin Gerace
can I write off flip expenses for a house selling in 2016?
so I asked a question yesterday, but after sleeping on it I think this is the heart of my original question.I flipped a house this year, but it won't sell til next year. Some of the money I used for renovations was al...
Ross Benedict
Land flipping details
hi everyone, this is my second post on bigger pockets as a newbie to the land flipping game. Couple questions for all the pros out there. 1) do people typically buy/sell in a manor in which to minimize the amount paid...
Mackal Smith
First 8 unit and Insurance is really hurting cash flow
I posted this in the multi-family discussion topic then found this forum. Oh, and btw, the apartment building I'm talking about here is in St Louis MO. Apologies for duplicating...Hey all,Up to now I have only bought ...
Charlotte Dunford
All park owned homes?
Is it feasible to buy a park with all park owned homes? And then slowly sell the home to the tenants on rent to own terms? What are the risks related to that?
Chris Doyle
Carpenter/ GC
Hi All , New To BP , Self employed residential GC , looking to get into fix and flips , looking to increase my knowledge regarding ;wholesaling , subject 2 and creative financing, and to network with like minded inve...
Joseph Janarski
Being Sued for backing out of a Deal - What am I liable for?
*Disclosure I am speaking to an attorney on the matter this week, but wanted to share and see if anyone has had a similar experience or knowledge in this matter?So unfortunately my contractor was late in getting me a ...
Phil Janasac
Duplex down into illegal basement unit to combine beds/baths
My wife and I are in the process of purchasing a multifamily (2-flat) property on the north side of Chicago (with intent to owner occupied/house-hack) . During our second viewing of the property the realtor “gained ac...