Victor Triana
Applying for a loan
I would like to start investing in real estate as an owner occupant, I just recently got discharged from the Marine Corps and will be using my VA Loan for a 0% down payment.I have a good amount of savings around $15k ...
Tyler Ruff
New construction first home purchase
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $296,000
This is our current residence. It's a 2018 new construction home and we love it. 2400 square feet, 600 of whic...
Robert Golden
Can I get a second HELOC on a new purchase and rent my 1st home?
Can I get two HELOC's at the same time on two properties, assuming good credit and income. I need to pay off the private money loan on the new property plus remodel expenses. Paid $90k with $20k down, secured a $75k 1...
Jason Clark
Am I running these numbers correctly?
I’m looking at an 8unit apartment building, 2bd/2ba each. Asking price is 359,000. Conservatively I’m assuming $550 per month rent. 1 unit is vacant. I expect about $80,000 in renovation costs. $439,000Rent $4,400Mort...
Kate Barry
House-Hacking our way to Cash flow!
Investment Info:
Small multi-family (2-4 units) private money loan investment.
Purchase price: $300,000
Cash invested: $25,000
We are currently house-hacking a 4 unit Colonial. For the other three u...
Kevin Rollins
Initial Investment vs. Cash Flow
I'm looking at purchasing my first duplex for $120,000. I'm hearing in some markets getting $200 a unit is good cash flow. Is this still the case when the initial investment is $30,000? Does tying up $30,000+ to make ...
Daniel F. Harb
Pull Trigger & Buy my OOS Property? Continue Investing in Index?
Love to get input from all BP members. I am just about at my goal of saving 100K (4 weeks away!) before I pull the trigger and buy an OOS rental property. That is the plan, to start building up my RE rental portfolio....
Mike Landry
When is this income considered earned
My wife is a newer Realtor. She earned a commission on the purchase of OUR house that closed on December 30, 2016. However because it was our house she forgot to pick the check up at closing...it was a busy day. So...
Ray Kim
Moving to new house, rent or sell my home
We bought a home 10 years ago for $370K and now it's worth $750K. I just refinanced with a cash out so my loan is for $300K @2.75% with $200k cash. We decided we are moving in the summer and plan to use the $200k as d...
Kolton Gutierrez
Inheriting a tenant who smokes
So I'm buying a house hack and there is a tenant in the other unit who smokes cigarettes. Would I just need to have them sign a change in term lease addendum and state that this is now a non smoking unit and that all ...