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Hey guys! I’m wanting to get into rental properties. I’m a bit discourage right now, I spoke to a quicken loan rep and was informed that you have to have $20-30k to put down on investment property, due to the risk. Ho...
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ok so if someone was to come upon a few hundred thousand dollars (not saying its me its just if it was to happen) would you invest in real estate for rentals? how would you do it? start off small maybe buy 2 houses an...
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I'm looking into purchasing a 6 unit(2 businesses and 4 residential) that is owned by a LLC that only owns this one property. I was wondering what the advantages/disadvantages were to purchasing the LLC instead of th...
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I'm new to investing, live in CA and have 200K + in Home Equity that I would like to use for out-of-state turnkey SFRs. Two questions:- Would any lender consider providing both a home equity loan (for down payments) &...
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This question might sound like it has an easy answer but I don't understand. Please bear with me.Here is the scenario:I purchase a house for $100k, put 20% down. I renovate the property, it is now worth 150k. When I g...
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Closed on 2 fixed rate loans, to purchase 3 units.The numbers:Property A) 1300 sq’ brick, 3/1.5, SFR, rents for $875 per month.Property B) 2150 sq’ brick 3/1 & 2/1 Duplex, rents for $1075 per monthAsking price=$12...
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I am starting to get into flipping houses but I am having trouble finding financing for the project. I have no money down. So my question is does buying a house require money down? Or can I find someone who finance it...
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Hey Everyone, I was just informed by my Wells Fargo guy that they are no longer doing renovation loans (as of June apparently). Are there any other major lenders that still do that type of loan? And I don't mean like ...
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Hello biggerpockets community,I have a situation that I am trying to figure out. This is the scenario,I am investing in the westchester county area and I recently came into a situation around my neighborhood that is d...
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Hey everyone, I am 23, relatively new to BP, and currently work in Corporate Finance. Excited to say I will be leaving my desk next summer to travel long term while working (yachtie, digital media, real estate). I wil...