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Here is the situation. I have a potential deal where the owner is currently in the hospital and the kids want to get rid of the house. They've already contacted an appraiser to look at the house and the owner is on a ...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Farrell.
Purchase price: $19,000
Cash invested: $21,000
Paid $19,000 cash, then refinanced it 6 months later at an apprais...
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Looking for some options here I have a 3 unit rental that going in I knew it needed work (Roof, windows, deck replaced) This total for these repairs are about 25k.
I paid 60k for the property all cash. The rents are ...
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I have an idea but wanted to run it through here to get some more info and see what holes may be in this strategy.
I have an opportunity to purchase a home and rent it out with limited vacancy because I have a consta...
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Today I went to look at my first rental investment property. I am hoping to BRRRR. It is a cash flowing 2 unit multifamily building. The rent is $700 + $700 = $1400. I've estimated NOI to be around $11,000. Cost is $8...
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I'm finishing up the "Rehab" portion of my first BRRRR duplex property. When starting to think ahead to the "Refinance" step to do a cash out refi to repeat the process, I have a few questions:
1) Does a 12 month lea...
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My wife and I just bought a house a few months ago (November 2020) for approximately $293K and now Zillow has it as an estimated $338K. Would it be wise to try and refinance to save money and stop paying mortgage insu...
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Hi all,I am currently in a BRRRR and thinking about the next deal. I'm targeting a property currently off-market, and wondering what kinds of ducks I need to line up to make it happen. I'm planning on approaching the ...
I recently bought a rental property. It is a duplex, and rents are earned using the boarding house model; eight doors with leases. I acquired the duplex with a 1031 exchange, and a commercial loan. I was planning to r...
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I just did a rate lock yesterday for 180 days, and there are NO upfront fees. There are "Total Lender Costs", which the loan officer said would be rolled up into the loan when I get it.
Am I obligated to pay that "...