Robert Burns
Letter to Potential Wholesale Property Owner
I recently discovered a house while I was driving around that from its appearance could be an excellent wholesale/rehabber deal. I have found the owner's name and address. The owner lives in the house. Below is a c...
Tommy Keay
FHA Loan or Hard Money Lender for First Investment?
Hello All! First and foremost, thank you for your time interacting with this post!
Come 1st Quarter 2021, I plan to buy my first property. The purpose of this investment is to 1. Get a great deal (build instant equi...
Brian Bonetta
Why 1% of monthly gross rents Rule purchase price?
Im interested in knowing why the purchase price needs to be 1% of gross months rent to make sense. Can someone explain this?
Account Closed
Ways to monetize you primary residence.
Recently I bought my first house and I had a spare bedroom. So I debated on renting the room out since I live close to a local college. I though it would be easy to rent out a small bedroom to one of the students. But...
Curtis Lewis
Does Appreciation Add to Equity in a Refinance?
Let's say I buy a home for 100k with a 20k down payment. A year later that same home is now worth 150k and I have since put 10k into the principle on the loan.Would I now have 80k in equity?If i refinanced, would i be...
Jessica Mills
Invest in out of state turnkey or local multi-family?
I am incredibly new to investing and still in the research phase.Scenario 1: Out of state turn key for 100k, after rehab should be about 150k, rent about 1300. Bank will want 25% + closing costs + reserves. How do I g...
Mai Holmquist
Newbie needs help to start please!!
Hi everyone! My name is Mai Holmquist. I'm from Fresno, CA. My husband and I own a home that we both live in for a couple years now. I want to use the equity of the house to help jump start my investing. Should I refi...
Michelle Bright
Our third house hack has lead to a week of major wins!
I feel so truly blessed. I have to start by thanking the Lord. Without him, none of this would have ever been possible.This week was a week of huge wins for us. First, the wonderful US government has extended an excep...
Dawn Vought
Need Advice - Bank Approved Short Sale But Wants Promissory Note
I am hoping for some viable suggestions on this. Here are the facts (with numbers rounded):
-I own in my personal name an investment SFR in Birmingham, AL.
-Remaining mortgage (principal) on house is $...
Chirag Harivadan Parikh
Newbie from Austin, TX & recent transplant from SF/Bay area,CA
Hello BP members: I am a recent transplant to Austin, Texas area and lived 18 yrs in SF Bay area. I am a newbie to real estate and an accidental landlord. My primary residence that I got in 2015 is currently rented ou...