Leonard Sanford Jr
My Very First House Hack!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $110,000
Cash invested: $5,000
A beautiful 3 Bedroom 1 Bath fully remodeled ranch!
What made you interested i...
Matthew Terry
What's with $2-$3K closing costs on proforma?
Hello BP Mates,In literally every proforma I look at for buy\hold or turnkey investment properties from companies that market a "hand hold" approach for investors, closing costs are estimated to be $2,000-3,000. Howev...
Kristen P.
Can you take a HELOC or Home equity out on a investment property?
Can you take a HELOC or a home equity loan out on a investment property you do not occupy ? I live in NYS
Alvin K.
Cash offer closing in 20 days, line up mortgage mechanics
Hello,
First time poster - seeking advice.
Current situation:
- Primary home on sale but not yet sold (could be a few months)
- Found dream home in hot market. Had to tender cash offer. Only way to secure cash wa...
Cody Gordon
BRRRR with investor who desires equity?
Hi there, I'm a newer investor working with a funder who I'm trying to convince to do hard money / short term loan on a deal with me, however they are positioned as an investor themselves and are unfamiliar with BRRRR...
Derek Meyer
50 words or less - Getting First Downpayment
A friend of mine is saving up for his first downpayment. At his current rate it’s going to take about 3 years of saving in order to come up with his first downpayment. I’m curious how others came up with theirs. My fi...
Christopher Edwards
Financing with below average credit
Hey guys so I’m a contractor and my goal is to buy and flip my first hone. I have worked on my credit for the last year or so and have gotten it just above 600. What financing options do I have in purchasing a flip. J...
Joel Evers
Flip Numbers - Avondale/Chicago
I know we're in a bit of a buyers market and material costs have gone up, but curious to know what investors are paying for ~1000 sq/ft 4x1 2 story frames with basement, in need of full rehab + additions(1.5 -2 bath) ...
Jason Sales
Finance
Hello everyone this is Jason from Central Florida. I would like to get some feedback from everyone about financing. My credit is low in the Mid 600's and i am self employed , my yearly income is under 20k when i do my...
Chris C.
Opinions on taking out a loan on a rental
i have a rental that is currently rented out by a metro tenant I own the house free and clear but by paying cash for everything I now am tied up for trying to get property number two, so my question is do you sit back...