Hi Everyone,
The mortgage guy I've worked with on two primary residence purchases is saying Fannie requires 25% down for an investment property. And the lender wants to see 3-6 months reserves which is understandable...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,250,000
Cash invested: $2,100,000
Open as of March '22, BUNGALOU "Stay & Play" is concept that blends ...
Hi Everyone,I am in South Jersey and I wanted to ask about Real Estate Crowdfunding. I have used Crowdfunding sites before, but how would the real estate version work? What are the ins and outs? Who here has used it ...
I currently work a full time job and plan to begin investing in real estate this year. A real estate investor from a certain real estate investment group (which charges $20,000 for a mentor lol) told me to go exempt f...
Hello Everyone,First time poster but long time reader of all the good information and advice on BP.Let me pre-face this by saying that I have reached out to some cross border tax specialists, and some I am still await...
what are some good neighborhoods to invest in Worcester? and why?
I just met with a bank VP of a local (smaller) bank. They mentioned that even though I'm interested in single family homes for investing... They are all considered 'commercial' investments and would require 20% down ...
Just getting started… and so much to learn. We bought our first property at a foreclosure auction with plans to turn into a rental. Single-family home with large yard, as we learn, now rethinking our strategy.
If we...
Hi all,
I'm looking to jump into real estate soon. I am trying to decide between buying a condo or perhaps a multi family home. I have read that a good method for estimating the true value of a home is to compare it ...
Hi BP Community, I am looking to buy my first multi-family property (6+doors) and I am wondering if buying properties that are currently under construction is too risky? How are the risks different from buying existi...