Bora Yalcin
Guidance for What’s Next
Hi everyone,I recently bought my first rental property (closed on it about 2 months ago) and the rehab is coming to an end. After researching the rental prices in the neighborhood and consulting with a local agent (sa...
Jacqueline Nguyen
5% Down on conventional loan on Multi-family offered?
Hi all! I've been reading a lot of forums on BP and saw many people say that 5% down conventional loans on a owner occupied fourplex is no longer existent. 3 out of 4 lenders I've reached out to also told me the same ...
Ryan Jones
Buy and Hold ~ $50k property. Do lenders loan small mortgages?
To at least achieve the 1% rule, I'm looking in areas of the country where $50k properties bring in at least $500/month; $100k properties at least $1,000/month, etc. If I find a good $50k property and put 20% down, w...
Dave Vona
A sub-lease and rehab deal structure
Hi, I’m looking at a home that’s not been occupied for many years. I’m going to see if the owner is willing to sell, but I don’t think he will. It appears there is no loan on the property.
I estimate this propert...
Jason Malabute
Worst deal of my life
Most investors will only tell you about their good deals, but I want to be transparent and show you guys my worst deal ever. Negotiated the purchase price to $60k. My agent showed me comps of “similar” homes that sold...
Nicole Fay
BRRR with a Self Rental
Investment Info:
Single-family residence buy & hold investment in Palmyra.
Purchase price: $140,000
Cash invested: $40,000
Sale price: $335,000
My husband and I took a property under contr...
Amelia BlakeGarner
Buying a fire damaged investment property
I had made an EMD on a property, and it burned a couple of days later, before I even had a licensed contractor give me an estimate to renovate it. When he heard about the fire, my realtor told the owner's realtor that...
Rachel Hettler
Need Help Underwriting A Property!
Hello,
I am working to find my first rental property, and on the surface the deal I'm looking at seems like it has very good long term appreciation potential but I'm not sure how to adjust the current numbers and ma...
John Humphries
Tax implications for US non-resident purchasing REI in the US
I'm looking for someone knowledgeable to bounce some tax questions off of regarding purchasing real estate in the US as a non-resident. Currently, I'm a US citizen, Canadian permanent resident. I live and work in Ca...
Dustin Gott
banks underbidding at sheriff sale
I have noticed the banks are still bidding in some cases well below what was owed on the mortgage at the sheriff sale. If you were to go to the homeowner could you purchase the property for that lowered amount? Is the...