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I recently (two months ago) purchased a SFH with partners using cash, with the intention of using Fannie May delayed financing to get 70% of the cash back out and buy another. Went through the approval process using o...
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I try to follow the guidelines, but we do buy some homes that don't quite follow the 1% or 50% rules, and we're ok with that.The rule I'm really wondering about now is one I just read in a recent thread. Someone said...
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OK, I wanted to run this scenario past you Looking at a duplex (each side is a 3/1) and a decent size with both separate walk-up attic and dry basement. The rent is below market but is so because one tenant has been ...
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We have a half dozen, low income, rentals scattered around Memphis and considering selling three to buy one, newer, nicer house. We've built up our modest portfolio in the past 5 years or so and have had good and b...
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Hey everyone, I just have a question about mortgage pre-approval. Any thoughts or ideas on what to do if you do not get pre-approved for a mortgage? A few years back I tried to join a group called “rock star inner cir...
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Hello BP community, My name is Christian Barra and I have a nice BRRR poject. I bought a property on cash, repaired it successfully and rented it for 7 months now. At this point, I want to refinance it to get my funds...
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Hey Guys,Question regarding projected maintenance, repairs, and Cap Ex. I've heard and read opinions on the anticipated expense percentages when evaluating a property (10% property manager, 10% repairs, 50% rule, etc....
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Hi Everyone,My family and I just flipped our first property and are ready to keep going but we want to make sure we're doing it right. Basically there are 3 members using cash to buy properties and flip them. What w...
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Hello Fello Investors,I’m looking to buy a condo in Hilton Head Island within Sea Pines, Forest Beach, or Palmetto Dunes. I will be traveling down to the Island this May from Pittsburgh and I am looking for a REA to h...
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Hello all,I’m a native NYer and am looking to invest in single or multi to cash flow and hold. I have looked at Scranton pa as it is about 2 hrs away, which seems like a reasonable distance to remain comfortable. I’m ...