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Hello! Excited that we are getting our feet wet with a multi-family in East Cleveland for BRRR. Looking for a lender for rehab and/or refinance in the area.Any recommendations for lenders that consider small projects...
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Obviously the "refinance" part of the BRRRR strategy is a crucial one.When you are analyzing a deal that you plan to BRRRR how do you determine what the numbers will look like after you refinance to ensure the prope...
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I know this is a very amateur question, but I don't understand how exactly equity is actually used in (or helps in) obtaining more properties.
For example, investors typically buy at 70% of market value, less repairs...
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Hello everyone,
My listed property was in contract on May 2014, received deposit, and buyer had until June 30 to close. At end of June, my agent finds out buyers lender, Wells Fargo, is requiring 2 appraisal...
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Investment Info:
Single-family residence buy & hold investment in Kansas City.
Purchase price: $42,000
Cash invested: $68,000
I am currently rehabbing this house starting to get my refinancing op...
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Im looking at a flag property that has a 3 bed 2 bath main house and another structure that currently is 2 rooms and a bathroom. Neither of those rooms were described as a kitchen or a bedroom but in speaking with the...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $70,000
Cash invested: $14,459
This is a house my current wife used to rent when we were dating. I lived here for...
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HI BP comuunity,As a new buy and hold investor in the DMV(DC, MD, VA) area, I am working on my second deal. Its a off market a triplex appraise 8 month ago at 361k and the seller is only willing to take 346k and pay m...
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Hi BP, I've been trying to look for houses that are dated/have problems in a decent neighborhood to make my primary residence and put in some sweat equity. I am looking to get a conventional loan with 20% down to go w...
I have recently finished building a house from the ground up and have paid for all expenses out of pocket along the way. It has taken about 3 years but I do not owe anything on the property. Appraisal is pending cur...