Michael Ablan
First Two BRRR Deals Successfully Completed!!
Hey guys!I finally just completed my first two Cash out Refinances on two properties I purchased last year! Below are the numbersHouse #1(Cash Buy)Purchase Price: $20,500Rehab and Holding Costs : $30,000Rent: $1000/m...
Pearly Tan
Investors familiar with Hoboken, NJ - Is this worth pursuing?
My mother-in-law owns her single family home outright in Hoboken NJ, bought it 30-something years ago when it was a slump town. Obviously it's worth a lot more these days, but she's not willing to let go of the house....
Christopher Holt
Advice on moving on from my first deal
Hi everyone, this is my first post on the forum. I hope this is going in the right category.I purchased my first SFH 2 years ago. The house is a nice brick 3 bedroom 1 bathroom on a large corner double lot with a part...
John Clark
Texas House Rental - Annual Return?
I have considered buying houses ($150-200K value) in Texas for rental income. However I'm not impressed with my expected annual return. If someone could help me with my analysis; it would be much appreciated. Below is...
Ernesto Diaz
Using equity from primary property for future investments
Podcast listener here, hoping to get some advice.
Bought a house just outside of Denver 2 years ago, have $198k left on the loan and have a good 60-80k in equity, according to a handful of real estate "website estima...
Martinis Jackson
Baltimore Rehab: Deal Closed!
BP FriendsWe have closed on our first investment property in Baltimore and can't wait to get started. 2 bedroom 2 bath ((we are adding a bathroom) 1200sqft. 30k cash purchase with a combo of line of credit and private...
Nate S.
Should I refinance or not?
My mother passed away 2 years ago, I finally got the estate closed out and got my name on the title. The mortgage I am still paying is still in my mother's name but it has a HAMP incentive, so next year it will be fin...
Carleen L.
Pull money out after 1031?
Hi! I have a rental out of state that has dramatically appreciated in the 24 years I’ve owned it (paid $110k, MV is $340-375k). It’s been a rental for the past 15 years, and is fully paid off as of 5 years ago. It re...
Julie Taylor
Manufactured Home - Bank Financing - On Owner Financed Lot
Hey, BP Friends,Advanced apologies for the length of this post.I'm looking at a subject-to deal on a double wide in NC that has been vacant for YEARS. The current owners have a bank mortgage on the home itself, which ...
Account Closed
What would you do? Scenario, Financing
Hi BP members,Scenario:You have excellent credit, own a home (very little equity due to large Down Payment, Mortg. Low), Not much in savings, maybe 7k and you see a 6 plex fully occupied for sale at 409k (under value ...