Amanda Williams
Beware of Finance of America
Hello Fellow Investors,Just wanted to put a word of caution out there about Finance of America Commercial. I recently was approved for a LOC of 2.5 million BUT quickly discovered they are selling a bag of goods that t...
Michelle Brast
DR Horton /Lennar Homes - Using their lenders Pros/Cons?
I am looking at buying a new build for a long term rental property. Does anyone have any experience with DR Horton (DHI) or Lennar Mortgage? They are offering some great incentives, lower rates and closing costs. I a...
Zhou Ye
South Side Chicago vs South Chicago Suburbs for turnkey rentals?
Hi! I'm a new investor with around 500k cash to deploy and I've been looking at turnkey rentals in particular. I spoke with Justin from ProfitFromRentals and he mentioned that they've been mostly transitioning to So...
Tyler Blodgett
Better to leverage personal assets, or reduce monthly expenses?
I know this is more of a personal financing question, and it could go either way, but I was curious to get some thoughts on the matter. I currently live in the crazy state of CA, and always have in the back of my min...
Amy E.
Newbie Analysis
Hi,
I've wanted to try to buy a SFR in my local area for awhile now. Unfortunately, I can't meet the 2% rule in the average housing price area. I finally realized I needed to go to the lower middle class ar...
Ben Wyatt
Funding options for first flip w/ minimal holding costs
I've been researching for a few months, and my wife and I are interested in doing our first flip soon. Unfortunately, I'm having a hard time figuring out what to do with financing - especially with holding costs. Our ...
Jacob Vavra
Getting Started in REI... But How?
I know that there are 100+ posts on BP asking this same question but i want to get more specific. I am a 29 year old husband and father trying to get into REI. I will list off my financial situation below so you know ...
Rob MacSwan
Need help with first deal
Not sure what info is needed but check out the below and let me know what you all think. What am I missing? Thanks so much!3br 1 bath 870 sq ft single family in Richmond, vaListed for $65k (my agent expects a sale pri...
Kyle Gregg
Is negative cash flow on an owner occupied property typical?
I am currently stepping into the world of "house hacking" and trying to calculate my potential cash flow on an owner occupied duplex financed through a 203k. I have a list of potential properties that i am going to se...
Bruce M.
Formula for evaluating a buy and hold property
Good morning all. I need a little help as I'm trying to crunch numbers on different properties and arrive at a number that that I should offer using the 2% rule......well kind of. I hope I explain this right. I kno...