First time poster here. I was directed to this community because of a discussion I was having with a customer at work. I will be as detailed as possible.My wife and I will be looking for a new home in the next 1-2 ye...
Hello, I started buying duplexes and 4plexes about 2 years ago using the BRRR or BURR method. (Buy, update, rent, and refinance). I've purchased 12 properties, 90% of them being 4 plexes. I have a total of 6 conven...
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Hi all,I am closing on my 2nd duplex in December and want to stay organized. Curious to see how people stay organized from a financial standpoint with tenant security deposits and separate banking accounts. Right now ...
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Hello Everyone-My name is Torry Shepherd and my wife and I are looking to get started with Real Estate Investing. We currently have a VERY low net worth, but hope to do wholesaling and fix & flips to get that turn...
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Has anyone ever done two separate deals at the same time? When I've closed deals before using conventional financing the loan officer tells you not to open any new lines of credit, vehicle purchases, new mortgages, et...
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Background:
The wife and I have a nicely performing duplex in Crazy Appreciation, Crazy low inventory, Crazy bid war Town.
There is a sweet spot right now for splitting the duplex into 2 condos for an even higher ...
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As someone who is interested in proceeding with BRRRR, I am curious to find out what people are generally doing in regards to property ownership (deed) on initial purchase and refinance. I was of the thought that to ...
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I have 2 STRs I purchased under conventional loans in my personal name. The current LTVs I estimate based on sales comps are at 59% & 66%. I'd like to refi into those loans into an LLC and use that capital to ac...
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I have been researching some HML's in my area and the one I have contacted indicates they require a lien on my personal residence. Is this normal for HML's to require this?
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Hello BP,I have found a deal that I want to try and flip, this will be my first one so I'm nervous about the lending. I called a HML called do hard money, they have a website up and have testimonials but just wanted t...