Hello Everyone,Thanks for a great forum. I am new to real estate rental property investing.I currently own 1 property that I live in.I have been pre-approved for $600,000.00 with putting 20% down and that is my budget...
I know this is more a personal preference that is dictated by your goals and current financial situation, not a right or wrong answer. I would like to hear why you choose whatever debt to equity ratio you use. I mainl...
Hello, I am looking to purchase a rental property, but I'm not sure what my best option is in the way of financing. Should I start with hard money to get the property and then refinance through a bank/credit union? Or...
We found through home appraisal report and recent architect drawings that the home we purchased is ~200 sq more than what public records show (location: Greater Boston). Is it better to have the city update their reco...
Hello,
I am just beginning my real estate investment journey.
I live in Northern Virginia and there are a large number of foreclosed properties in the area that appear to be very good values.
I found several Fannie ...
I work in the inner-city. I've spent the past 15 years of my life there. I'm comfortable with the people and with the neighborhood. My first property I purchased for 17,000 and was rented a month later for $750. Taxes...
We purchased a 16k house that needs about 70k work, and the neighborhood is on the upswing for a revival, but won't be quite there for another couple of years (so I predict). Regretfully, there was no real plan befor...
Hello group, I have two houses that I purchased outright for rental property. The houses are both rented and have a two year lease. I am thinking about selling them, with owner financing. Would like to work with a...
Hello BP Community!I am 2 weeks from closing on our first property. We are purchasing it owner-occupied through conventional financing. As always, we believed we got a good deal. However, as we dug deeper, we are conc...
Like most of us, my conception of one's career most of my life thus far was pretty plain vanilla - work hard, grow your W-2, and save the max possible in your retirement account. Like many others have echoed, I read R...