Jonathan C.
Turnkey company taking long to complete renovations.
I am in the process of purchasing my first turnkey rental property in St. Louis from a turnkey provider. The contract stated that all renovations would be completed and a renter would be in place by Feb 28, 2022. At t...
Fred Stevenson
to leverage or not to leverage
My home is paid off, and I'm taking 80% out of my house in a 30 year refinance loan. My plan was to purchase three - five SFR's for cash using 20% of my own cash and 80% from the refinance loan for each purchase. Tha...
Eric Sanne
Bank Statement Loan for Self-Employed
Hi everyone,My wife and I are self-employed and finding it difficult to qualify for traditional financing. Imposible actually. I stumbled up bank statement loans and just spoke with a loan officer for an hour asking a...
Jack Yen
line of credit against multiple properties
Hi BP experts, I'm looking for ways to get a line of credit that could borrow against multiple properties. I have a small portfolio that has accumulated quite a bit equity by paying them down and appreciation over the...
Brian Klingbail
Direct mail/buyer letters
Hello,I invest in a market that has become very stingy in the deal department. Over the last several months, the deals seem to have dried up all together. I've spent some time driving for dollars and have identified a...
Tas S.
paying down a loan quicker?
Hi everyone,I have 3 houses in Memphis and I'd like to bring down the payments on one of my houses quicker. Can I pay towards just principle as a separate payment or will it just count as an extra normal payment? I've...
Reza Karami
Rochester NY - Worth buying distressed properties?
Hey all! I'm fairly new to real estate and have quickly found that the great Canadian north is a difficult place to get started in with the high properties prices. I've been looking at the closest cities south of the ...
Nilofer Sickander
MEETING WITH A LENDER SCHEDULED - CREDIT PULL QUERIES
Hi BP, questions abt credit pull, but first some background My husband and I are stuck in a lease until end of year, we cant purchase a house that we intend to "house hack" for maybe another 6 months. That said, i h...
Account Closed
Rehab exit strategy
Hi all, I've been perusing the forums but haven't really found the answer I'm looking for.
I just signed a contract to buy a house yesterday. My preference is to keep it- I'm a buy and hold guy. But that ...
Nate Burnett
FHA + Owner Finance to avoid PMI?
Hi All,I just was wondering what others though of this idea. My husband and I got approved for an FHA mortgage, it requires 3.5% down. Unfortunately with FHA they also require PMI until we owe less than 80% of the loa...