Jordan Hamilton
Miami 4-plex analysis!
Hi everyone,Im a new investor in Miami area. Worked hard over the past year to save up 30k for a residential income property. Preferably 3-4 plex while at the same time studying blogs and every book I could get my han...
Lior Nissim
Refinance my BRRRR property
Hey!! I’m signing my first BRRR property this week, and have a financial question:
If you get the deal with hard money loan, how do you refinance it after the rehab? I don’t think the hard money loans company refinan...
Zack Broaddus
House hacking?
I've been seeing the term "house hacking" pretty often lately, and I'm curious about what it means. Could somebody please tell me what it is and how you do it?
Thanks!
Shon Drennan
HELOC Recommendations First Time
Hello, my wife and I have about 150k equity in our home are wanting to do a HELOC and use that to buy some STRs. I have a few questions since this is my first time doing this and research online seems to be pretty ba...
Precious Thompson
Two year W2 for Mortgage
I read an article that stated two year W2 income is becoming less important then in past is this a myth or doesn’t it depends on the bank?
Andrew Tran
Rental Rates =< Mortgage Rates
Hi all! I'm based in Houston, TX if that helps. Almost every house I look at has rental rates that would be equal to or less than what the monthly mortgage would be. How are you all navigating this market and finding ...
Paul Burbank
Help determining good terms for 2nd position seller
Hi all. I am currently working on an off market deal to sell a property of mine. The buyer is asking me to hold a second position note on the purchase for $35,000 @5.5% with a 25 year term and a 6 year balloon. I am c...
David Beatty
Renting vs Selling w/ small rental margins
Hi all. First post after listening with a question.Wife and I are planning to rent a 2 bedroom as we now have 2 kids. We are living in a one bedroom condo w/ a mortgage on it. Obviously because I'm on these forums I w...
Shawn Henley
To HELOC or not to HELOC
Hey BPers-I am beginning to search for my first deal which will be a flip. Before I go full steam ahead, I need to line up my financing. I have been researching and talking to my mortgage broker about obtaining a HE...
Karen Bolyard
Pay cash or finance STR?
I am in a multiple offer situation and offered cash with proof of funds for a beach STR property. I told the agent I may decide to finance (depending what accountant advises tomorrow) and what information I learn her...