Jacob Lapp
Buying Second Multi-Family
Hey Everyone,I bought my first triplex last August with the plan to claim residency for the first year. My plan is to do this every year. Buy, claim residency for a year and repeat for the next 4 years. When I bought ...
Johanna R.
Refinancing Question
Can you refinance a home when you have a 100% equity but the owner’s only source of income is the rent?And if I cant refinance this way, are there any other ways to leverage this 100% equity? Thanks!
Mike Hernandez
Driving for Dollars!!
My wife and I are currently located in El Paso, Texas, but we will be relocating in a few months to Pflugerville, Tx. where we will look for our first investment property. We are interested in buy and hold investme...
Robert F.
Closing a sale with tenants already in place
I will be closing on my first duplex at the end of this month. Tenants are in both units. Rents are too low. I plan on raising rent for upstairs unit from 750-1000. I've done my research and feel that this is slightly...
Daniel Gibson
How do DTI levels impact purchasing power/price point?
Hi folks, I have a DTI of around 30% and I'm wondering if the higher your DTI the lower of a mortgage you'll be able to qualify for? For instance if I were to be right at the upper DTI limit for a given lender, would ...
Marlene Michael
Great property up for auction on Auction.com, but no one is bidding??
I found a property on auction.com that looks like a steal of a deal. Two problems: 1) There is no access before bidding/purchase, 2)It is still occupied, so I can't go peeking through the windows.My question is, if ba...
Jairo Castaneda-Gomez
Submitted my first offer!
Today I submitted my first offer! The property is a Duplex posted on the MLS for $235k (I’m willing to pay full price although i did submit the offer for $220k to see if they’ll bite).Both units are 2bd 1bth and are o...
Loc R.
Teach me something about commercial lending
After calling a few commercial mortgage brokers, I've realized that the game changes after 5+ units.
My experience has been with 2-4 units. Lending on it is pretty easy/straightforward. You want a 30-year fixed loa...
Matt Joplin
Advice Please – Hold and Rent or Cash Out and Reinvest
Hello,
I am a new investor and I am looking for advice on what to do with my second investment property (House Hack / BRRR). Specifically, I am weighing my options and trying to figure out if I should keep my proper...
John Alosio
1031 Exchange 'Nuts & Bolts'
Greeting BP community,
I have a question about the 1031 exchange
I understand the main concept but I am having trouble wrapping my head around the mechanics.
My situation: I currently own a duplex that I have lived...