Corbett Brasington
Hard lender wants "good faith deposit" after EM paid... red flag?
So I am buying a property through a wholesaler, I already put down 7k of earnest money on the property, a hard money lender who I am working with (and got from the bigger pockets lists) asked for a "Good Faith Deposit...
Casey Adams
Are Refi's on BRRRs with current rates making them hard to cash flow?
Hello,I'm new to the BRRR game, am currently waiting for approval on all my HELOC paperwork, and researching various markets. When I look at potential rentals (just putting 20% down and renting it), there's seems to b...
Account Closed
Cost to foreclose on non-performing note...
I've been presented an opportunity to purchase 12 non-performing notes for some duplexes. My question is what could I anticipate the cost being to foreclose on these notes? They are individual loans but are all owne...
Peter Amendola
Vacation Rental - Is 10% cash on cash too low for first STR?
Hello everyone!
This is my first post and excited to be part of the BP movement! My life was turned upside down exactly 2 weeks ago when my wife said that she will be getting laid off in the next 3 months.
Inst...
Jameson Waltz
Help With Next Choice for New Investment Property
Hello,
I am a little lost. I need to know my next step. I Bought a Condo two years ago, but because of my DTI, I couldn't buy anything else because of the two mortgages I have. I spoke with my friend who is a re...
David Mitchell Halls
House hack or buy out of state for higher return but higher down payment?
Hey BP,
My wife and I currently own a town home in a small college town in Idaho that we bought in 2021. We have a couple hundred thousand saved and want to invest as we have been watching all of our friends make out...
Tarica Davis
Newbie from Rochester NY
Hi experienced/ inexperienced guys and gals alike. My name is Tarica but you guys can call me Rika. I am a nurse from Rochester, NY looking to rip the bandaid off and jump into the RE game head first! I am super excit...
Ken Nyczaj
Scrub walls to remove smoke damage
Hey Everyone,Just closed on my first flip in Maryland. The seller smoked heavily in the property, house is 1250 sq ft and is a rancher style. I was thinking we needed to remove carpet, scrub walls, and then prime, but...
Connor Feist
Seller Financing w/ existing mortgage??
Lets get creative!!
I currently own a townhome in Texas that is leased through summer 2024. The property has appreciated since my purchase and rates are also in the mid 7s vs the 2.875% 30 year fixed that I have.
I'...
Kim Rock
High DTI - creative ideas?
I want to purchase another property to buy & hold. I have a high DTI because my primary home is only in my name, yet my husbands income obviously goes towards paying our primary homes mortgage even though he's n...