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I purchased a property in 2013 for $265,000 and leased it out ever since at $2,300. The return rate (without depreciation) is at about 5%. The selling price of the property is at least 325,000 right now. The property ...
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I was just going to put our paid for house on the market. Worth about 280k (mostly land value). It is two acres in a first tier suburb of Minneapolis/St.Paul (which is pretty rare). Small, old house built in the 1...
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Hi, if I lease my house to a tenant, and the tenant has an option to purchase, will DSCR lenders look unfavorably upon the tenant's purchase option? Are DSCR refinance loans ever approved in this case?
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Hello BP community! 🏡
With the recent rise in interest rates, I've been pondering the viability of the BRRRR strategy.
I've noticed a lull in discussions about successful BRRRR stories lately. For those who are act...
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Hi all.Is 5.25% on a 30 yr conventional loan with 15% down and excellent credit, about where the market is right now on less than a $250,000 property or should I be shopping lenders, considering I'm using a broker.
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Lets start with a backstory.Around early 2014, I purchased my first property immediately intended for an investment in Oahu, Hawaii. I put down $50K and got a 0% loan from a family member for $100K (paid around $150K ...
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Hello fellow BiggerPockets Investors,My wife and I have invested in single family rental properties for the past 9 years and we're now looking to 'graduate' into multi-family. I have decent equity in our 7 current sin...
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hey everybody so i'm new to bigger pockets community and using the calculators and i've run into a sort of dilemma. so here's there deal my grandmother owns two homes and one i lived in for my whole life. It had a tre...
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Hello, I'm just starting out in real estate investing. I have plans to acquire 30 properties in the next 5 years. I'm looking to find a good way to finance the deals once the cash runs out. How do Portfolio Loans work...