How did you know when it was the right time to quit your full-time job to go into real estate? Also, how do you get around the banks requiring a W2 to get a loan for rentals if you don't have a full time job?
I am running the numbers for a deal I found near me, mostly as a thought experiment. Below is an image of the deal with actual numbers. Closing costs, rehab, and financing terms are a guestimate.The seller owns 15/2...
Looking for some guidance from experienced investors. I have been investing for about two years now and have two LTR’s. The lease on one of my properties is coming to an end the end of this month and I had plans of co...
Hey everyone!After days of reading up on BP forums, I've finally decided to join.I am from Woodland Hills (Los Angeles area). I currently work as a loan officer. I own two residential rental properties in the San Fran...
I am a full-time marketing manager and I JUST wrapped up my first STR remodel after 6 LONG months. I went over budget of course but my husband and sunk in a good 60K on property renovations and took on extra debt to r...
First off- I'm new(er) to BP but have been obsessing about REI for a few months now. I listen to podcasts everyday on my way to work and have been steadily analyzing deals for a week now. I'm still green to this and a...
I'm in the process of refinancing a hard money loan. I bought a nice property, fixed it up and it is now rented on a 12 month lease. So far so good.
the original appraisal was for 90K, and I borrowed 50K. The...
I'm nearing the end of my junior year in high school and it's the time to start thinking about college. Now, I've read all the blogs that I've been able to find and they seem to be divided on the subject of whether it...
Hey all, I'm trying to figure out this BRRRR thing. I've got about $80-100k in equity in my personal residence. I'm interested in the BRRRR strategy, but would probably have to do it out of my area for it to make se...
I was hoping to ask you all a money/real estate question. It has to do with buying a second home (primary residence).
Here’s the scenario: I’m active duty military and currently live overseas. My wife ...