Tim Andy
BRRRR - Seasoning Periods Pennsylvania
I have been reaching out to local banks and credit unions in the Pittsburgh PA area in search of anyone who will do a cash out refinance at the currently appraised value without needing a full year of seasoning. I hav...
Danielle Huang
How to do comps for Dallas Multifamily
Hi we are a new group of investors trying to purchase multifamily properties in Dallas, near zip code 75214.
I am looking for deals in the area and I have some questions.
1. How to find comps for sold properties nea...
Courtney Nguyen
What is the legal limit on interest rate (over Federal Reserve rate) for private loan
Hi BP community,
So I heard interest rate on private loan can only be 10% over Federal Reserve rate, is that true?
For example, as of now 3/20/2023 the Federal Reserve interest rate is 4.5% - 4.75%. Let say our hol...
Patrick John
Creative structuring for first time home buyer
Hello all, new to BP as I am looking to get into REI. My first plan is to get into a primary residence. There is a house we love that was put on the market 1/4/23 for 499K , it was just lowered to 479K yesterday. The ...
John Magana
Early payback with creative financing!?
I am about 6 months away from starting my investment journey meaning starting the process of buying my first property. My question is this. The seller is asking $340,000 for a property. I offer them 250K at 3% seller ...
Ronald Fontenot Jr
1st Post - BRRRR - Looking for opinions on this deal
First time posting...I'll try to be concise.Found a 3-2-2 listed for 150k. Rental comps are $1600-$1700 month.Assuming full price offer accepted, the plan is to do 20% down (30k) with a 10k rental rehab and assuming $...
Andreas W.
Getting ideas how to finance a five SFR deal
I have the opportunity to potentially acquire a package of 5 SFRs. After calling my regional lender, I was told that now they limit mortgages to four instead of ten but they said if I put the properties on one cont...
Kevin Chan
NEWBIE QUESTION: Out of State MFR? Which Market? How to Manage?
Hi BP,
This is my first post and I'm looking forward to building a connection to the BP community. I'm new investing in MFR and RE in general. I live in the greater Seattle area and work full time in the software ind...
Account Closed
Newbie Cheap Housing Detroit Investing Question
As a Newbie would you ever consider investing in Detroit I am from the area but would you?
Brian Huber
Does the 70% rule make sense on lower priced houses?
Hi, I've been looking at properties in the $30-60K range. Some of these need a lot of work. For example, I'm looking at a house on Realtor.com in Charlotte, NC for $27,900 that probably needs the following:New roof ...