Domenick Cava
Looking for financing for ARV vs. Total cost
I am trying to connect with banks and credit unions in Maine(the area I am looking to invest). I have started contacting one institution every morning. One issue I keep running into is their refinance is based off o...
Izaac Rudd
How to legitimize a private money lender
I was searching the BRRRR group on Facebook and came across this post. How do I know if it’s a scam or not? I reached out but he won’t talk on the phone. Wants a $1870 fee up front and only 5% interest for the amou...
Andy Vasquez
How Do I Complain About Freddie Mac
Freddie Mac created a new (I believe) rule around PMI. I refinanced in November 2021 and now I have ~25% equity in the house. I reached out to discuss removing PMI and they said that they DO NOT LOOK at the current va...
Rusty Hitt
ROI calculations
I have been looking for the answer to this question on the board and can't pin it down. It appears (to my highly untrained eye) that equity gains do not appear in CoC ROI. Is this the case? If not, why?
Raheem Akers
Will investments keep restrict me from FHA loan?
Hello BP fam,My question is if and purchase a distressed property thru a hard money lender will that interfere with my aspirations of purchasing a duplex thru FHA means later this year? Will they consider me an invest...
Clay Gradis
8 Plex in Fort Worth Texas, my first BRRRR
Investment Info:
Large multi-family (5+ units) buy & hold investment in Fort Worth.
Purchase price: $565,000
Cash invested: $280,000
8 Units, 2 beds, and 2 baths in each. This property needed a ...
Mike Ojo
How Soon Can One Refinance?
Hi,If I were to invest in a fixer-upper, say a budget of $150k to buy and fix. How soon would I be able to refinance the property post renovations? the BRRRR strategy advises to refinance after 12 months, but can you ...
Bob Razler
SOUTH FLORIDA | HELP WANTED | Hard Money Mentor
Hello BP Strangers & Those I Have Met:I am currently investigating investing as a hard money lender.I have been doing some research and I would very much like to meet someone here in Southeast Florida who would be...
Anthony Angotti
Serial House Hacking, Underwriters
Hello,I currently have two duplexes that I have lived in and kept. Both are on conventional owner occupant mortgages and I will have lived in each for a year minimum once I close on a new property.I am looking to move...
Marc Cesar
buying and holding 1st rental
hey there BP. Im currently looking to transition into buying and holding and looking to acquire my 1st asset to start building my portfolio in this coming year. I currently have a access to a 40-50k loan from a family...