Rik Hunter
First Attempt to Refinance My First Rental Property: Advice?
I have a duplex that I originally purchased with a VA loan, and I moved out of my unit to finish rehab and moved into a SFH live-in-and-BRRRR. Like pretty much everything, its value has gone up, and based on comparabl...
Jason Reynolds
Student Rental House Hack (Bethlehem, PA)
Hey everyone,So as the title says, I'm planning on purchasing a 3 Bd/2 Ba SFR to house hack right next to Lehigh University in Bethlehem PA. I'll be getting an FHA loan, attempting to rent out a couple of the bedrooms...
Justin A.
cash out refi when BRRRR-ing
Hi BP!I had some questions regarding cash out refi portion of the BRRRR strategy. What are the main criterias that lenders look for when you go to apply for the cash out refi? 2 year tax returns, seasoning period, cer...
N/A N/A
HELP...What should I do??
Okay, here goes...
I have what I believe to be an excellent investment property:
ARV= $400k
Purchase Price: $240k
Repair Value: $12k
The problem is this,
It is a bank-owned property and the bank needs verification...
Korey McMeekins
Rhab Financing for free and clear property
I own a single family property free and clear that needs repair before I can rent. I'm seeking financing to accomplish this goal but I am unsure of my options if any. Doc's not strong enough for traditional loans and ...
William Strehse
First Deal under contract - looking for advice on Hard Money loan
I have my first deal under contract. SFH purchased for $25K in Clifton Heights, PA. I am estimating the Rehab cost at just over $50K. We are using our own funds for the purchase price and closing cost and have fund...
Adam Goldshmit
What's Next? Help with
Hello everyone in the BP community!
My name is Adam and I'm an out of country Buy and Hold Investor. I just bought my first property about 2 months ago and finished renovating it and now I'm waiting for it to rent ou...
Joel Bowen
Understanding Seller Financing and Amortization
Understanding Seller Finance and how Amortization is applied to the deal.I am in the process in researching and learning as much as I can about seller financing options since I am having a hard time securing a convent...
William Dorough
Suggestion for next move
Hi all,I have invested in few SFRs at this point with loan.I understand that is not best method as investor, and could be considered as mistake. Yet, beyond that I am wondering what I should do next considering own mo...
William D.
Rental income after you refinance with a 30 year mortgage
BP!When you refinance a BRRRR deal at a 30 year mortgage, how does the payment on the mortgage work? Hopefully the rental income covers the mortgage and generates cash flow. However it’s a 30 year mortgage for xyz amo...